New York Community Trust Annual Report 2009

the new york community trust annual report 2009

Through the alarms of war, the tides of taxes and the ebb and flow of fortunes, the instincts of neighborliness somehow persist.

The New York Community Trust 909 Third Avenue, 22nd Floor New York, NY 10022 (212) 686-0010 www.nycommunitytrust.org

Long Island Community Foundation Nassau Hall 1864 Muttontown Road Syosset, NY 11791 (516) 348-0575 www.licf.org

Westchester Community Foundation 200 North Central Park Avenue, Suite 310 Hartsdale, NY 10530 (914) 948-5166 www.wcf-ny.org

annualreport 2009

Photos Page 2: Charlynn Goins Photo: Pauline Shapiro Lorie A. Slutsky Photo: Sean Sime

1 Welcome

29 Suburban divisions

2 The road back:

32 Trustee banks

A message from our chairman and president

4 Giving:

Stretching the safety net

34 The numbers: Audited financial statements

14 Selected Grants

37 Notes

18 How to apply for a grant

42 Auditors’ report

20 Join us: How to set up a

43 Financial highlights

charitable fund

A young artist at work in Terise Haine’s classroom at the Hudson Guild.

33 Staff

24 Sound advice:

43 Investment committee

Information for attorneys

44 Funds in 2009

26 Our governing body

56 Grants in 2009

Page 15: 1) Hunter College, CUNY Photo: Deborah Feingold 2) Citizens Committee for NYC 3) Sunset Park Alliance Photo: Laina Yoswein 4) What Kids Can Do 5) Spence-Chapin Services to Families and Children Page 17: 6) VISIONS/Services for the Blind and Visually Impaired Photo: Betsy Fabricant 7) Primary Care Development Corporation 8) Fourth Arts Block Photo: Gabriela Herman 9) Public Health Solutions Photo: Jill LeVine 10) New York Landmarks Conservancy 11) Resources for Children with Special Needs Page 21: Bonnie Cashin Photo: Courtesy of UCLA Library Page 22: Bob Kaufman Photo: Dency Kane Page 27: Photo: Pauline Shapiro Page 29: RotaCare Food Bank for Westchester County Writer/Editor Ani Hurwitz Design Van Gennep Design Printing Rasco Graphics

After taking a free nutrition class offered by City Harvest at their church, Bronx residents Nurys Guerrero and her mother, who suffers from high cholesterol, now shop for and prepare healthier foods.

A copy of this report filed with the New York Secretary of State may be obtained upon request addressed to: The New York Community Trust 909 Third Avenue, 22nd Floor, New York, NY 10022 or Office of the Attorney General Charities Bureau 120 Broadway, New York, NY 10271

Credits

Table of contents

Inside front and back cover, Pages 4,7,8,11: Photos: Walker Esner

Welcome The words on the cover of this report were written in 1940 by Ralph Hayes, the first president of The New York Community Trust. “In troubled times,” he continued, “[community foundation] resources have become healthy factors in their communities.

Later, they will have still greater usefulness, when the long trek back toward sanity begins. In darkening times, a treasure chest is built against the needs of distant days.”

Today, a world war is not on the horizon, and the recession we’ve been through doesn’t compare to the Depression. But its fallout has been acutely felt in the City, and The Trust dug into its treasure chest to help New Yorkers who have been hit hard. This report reviews some of that work and what it accomplished.

Since 1924, we’ve been helping donors achieve their charitable goals and built a lasting resource for our grandchildren. We ended 2009 with assets of $1.74 billion, and made grants totaling $123 million.

Whether you’re giving today or endowing a fund to solve problems we can’t now imagine, The Trust makes it easy to be a philanthropist. As you read about us, our donors, and the people and nonprofits we support, we hope you’ll join us.

chairman and president’s message

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Charlynn Goins

Lorie A. Slutsky

Is the recession over yet? Sometimes, we feel like little kids in the back seat of the car, asking the same plaintive question again and again.

Economists and politicians tell us that we’re on the road back. But is a jobless recovery really a recovery? The City’s unemployment rate is higher than the nation’s average. Experts predict that

The Trust has been making grants for

part of the financial sector’s job loss

workforce development projects for

is permanent. And as New Yorkers

some years. For example, health care

know full well, small business and

is one sector that is growing, and we

entrepreneurs generate jobs, and credit

are now exploring the feasibility of

it still tight.

working with the health care industry to project its labor needs and then training

Add to this Draconian State and City

disadvantaged people to fill those jobs.

budget cuts in human services and the

In the meantime, there are families to

answer is, no, we’re not there yet.

feed and shelter. And it’s no longer poor

3 people alone who need help. As Donna

in 2009 and by Trust donors, who

Wall, of the Food Bank for New York

continue to give generously. We are

City, says: “We’re getting reports from

grateful to past New Yorkers, whose

feeding programs all over the City that

endowed funds have enabled The Trust

are seeing more people on line wearing

to respond quickly to big challenges.

suits, coming from interviews or part-

And we are thankful to our board,

time jobs. If they can reduce their

whose dedication to our city and our

food bills, they might be able to make

institution guides us to do our best.

mortgage payments or pay rent and keep their homes.”

The reports coming in from our grantees document the continuing pain from the financial meltdown. The poor have been devastated, the middle class is shrinking, and even those of us with jobs are fearful.

But we are guardedly optimistic that with New Yorkers’ ingenuity, the City will reinvent itself. And as always, we are buoyed by the extraordinary and compassionate efforts of our grantees

Charlynn Goins

Lorie A. Slutsky

Chairman

President

giving

Stretching the Safety Net Rose-colored glasses are simply not chic. New Yorkers want the facts, please, and leave the sugarcoating to frailer mortals. We want to know exactly what the problem is, thank you, so dispense with the cheerleading.

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So a theory of organizational development called Appreciative Inquiry is probably a foreign concept for many of us. It is

impressive results: lives changed, neighbor­-

described by one of its proponents as “the

hoods reclaimed. And we do appreciate

antithesis of problem-solving; [it is]

those successes. We celebrate them.

appreciating people and processes that have worked and revitalizing the

But while good people struggle, often for

organization by emphasizing its many

years, to make a significant dent in

successes.”

reducing inequality in America, there are good people who need help now. If there

As the City’s community foundation,

was ever a year that demanded an

The Trust supports New York

immediate response, it was 2009.

nonprofits that daily confront many of our ills: failing schools, unaffordable

Nonprofits were besieged by families who

housing, youth violence, inequitable

had never before asked for help to pay for

health care—and on and on. Our grants

food and rent, fight predatory debt

are often for projects that attack problems

collectors, apply for public benefits, and

by getting to their causes. It’s what

deal with family violence and other

foundations like to call strategic

problems endemic to hard times. With

philanthropy, a systemic approach to

the poor getting poorer and the number

resolving an issue. And often, we see

of struggling New Yorkers rising, The

Preventing foreclosure: Agnes Jaimon and her Legal Services lawyer, Joseph Sant, on the Staten Island courthouse steps.

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Trust’s board approved $7 million in safety net grants in early 2009 to eight seasoned agencies that we were confident would effectively distribute services and cash to the maximum number of people.

And in April, we made grants to nonprofit management consulting groups to help agencies that had lost public and private

consequences of the recession have been

funding, and were struggling themselves.

drastic in New York’s poorer communities, where the same people facing lost jobs and

In the next few pages, you’ll read about

wages are often those most likely to suffer

some of their work—and what they

from diet-related diseases like obesity and

accomplished.

diabetes,” says Jilly Stephens, the executive director of City Harvest. Last year, many

Preserving community: Nellie Lopez and Terise Haines sit under dinosaur mobiles made by Ms. Haines and her class of 4-year-olds at the Hudson Guild, a member of United Neighborhood Houses.

Stocking the Pantries

of its feeding programs had to turn away

How to feed more hungry people

hungry people; others were feeding an

Groups that feed hungry New Yorkers

additional 4,000 each month. City

started 2009 with a double whammy:

Harvest was getting the produce; it just

steep declines in contributions and a rapid

didn’t have the resources to get it out to

rise in the number of families needing

the programs. Our $200,000 grant got a

help.

lot of bang for the buck.

City Harvest is the country’s first and New

Stephens continues: “With The Trust

York’s only food rescue organization. It

grant, we were able to identify pockets of

collects tons of donated fresh fruits and

extremely high demand for emergency

vegetables and distributes it through a

food and send four million additional

network of feeding programs; it also runs

pounds of produce to agencies with the

mobile food markets and nutrition classes

capacity to move more fresh food. As a

in poor neighborhoods. “The

result, these programs were able to keep

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apartment since 1998. Working since the age of 14, at 56 she now relies on modest disability payments. She applied for a Section 8 housing subsidy, which she finallly got in 2007. The landlord refused their shelves stocked with fresh food like

to honor it until two years later, when the

carrots, apples, beets, cabbage, onions,

Human Rights Commission forced him

and potatoes. We targeted agencies in

to take it. “I owed almost $5,000 in rent.

high-need areas where increases in

I could have been evicted, I could have

demand were as high as 70 percent.”

been on the streets. In 2009, I called 311

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and they gave me the phone number for

When the Landlord Knocks

the Bridge Fund. I met with Emma there,

Getting Help with the Rent

she was such a sweetheart, and she helped

In 2007, the Bridge Fund of New York

me.”

noticed an uptick in the number of calls for help from homeowners and renters.

How to Avoid Foreclosure

The Fund, which has been giving loans,

When Agnes Jaiman bought her first

grants, and counseling to working-poor

house a few years ago, she was excited—

families facing foreclosure and eviction for

and scared. “I realized that I was

18 years, was seeing the beginning of the

completely responsible,” she says. Agnes is

housing bust. With our $1 million grant

a nursing student and medical assistant at

in 2009, the Fund was able to make small

a health clinic on Staten Island, where she

loans and grants to 700 families, more

lives. Two years after moving in, she

than double the number in the prior year,

refinanced to do some work on the house.

and refer an additional 4,500 for other

It was an adjustable subprime loan at 9.7

financial services and benefits.

percent. She started falling behind. She got a lot of advice and tried a number of

Deanne Corley, who is disabled with

programs, but became overwhelmed. She

arthritis, has lived in her Hollis, Queens

began to pack.

Avoiding eviction: Deanne Corley was able to keep her Hollis apartment with help from the Bridge Fund.

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10

When she got a notice from the Supreme Court in 2008 notifying her of her right to a settlement conference—which had just become State law—she almost dismissed it as junk mail. Luckily, she showed it to a colleague who urged her to call one of the

case was settled. The principal was

agencies listed on the notice. The first place

reduced significantly, and her interest

she called was Legal Services NYC, whose

rate cut to 4.7 percent, fixed for the life

talented attorneys, paralegals, and social

of the loan. Joseph notes that mortgage

and clerical workers have helped low-

brokers get big commissions for putting

income New Yorkers navigate the civil legal

people in higher priced loans—and that

system for more than 40 years. With a $1.2

they’re still at it.

million grant, it and its partner, the Legal

Legal Assistance Project and took on 950

Making Kids (and Parents) Happy

additional cases. The project also trained all

Old institutions, new customers,

Coping with stress:

of our other safety-net grantees on legal

same solutions

José Javier Bosque, who runs the Southside Community Mission, gets help from the Mental Health Association for his clients, staff—and himself.

issues related to the recession, including

Miguel Pedraza-Cumba’s pleasure is

transitional benefits, unemployment

evident as he takes visitors around the

insurance, and consumer debt.

Hudson Guild, a settlement house in

Aid Society, created the Economic Crisis

Chelsea that opened in 1895 where he is Joseph Sant, a native of Seattle, was a

deputy executive director. The Guild is a

newly minted lawyer from Georgetown

member of United Neighborhood Houses

University Law Center and Agnes became

(UNH), which used a $1.3 million Trust

one of his first clients at Legal Services

grant to help its 37 members keep vital

NYC’s Staten Island office. “I was pretty

programs running. Nancy Wackstein,

green,” he says dryly, “but this work is

UNH president, says that settlement

why I became a lawyer.”

houses are “responding with intense focus to the needs of children, families, and

“He was there for me all the time,” says

older adults whose lives have become

Agnes. It took almost a year, but the

more difficult.”

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The Guild’s bright, happy atmosphere is infectious. Nelly Lopez and Terise Haines work at the Guild and live in the neighborhood. Nelly is the administrative assistant in the School Bridge Program, where she’s involved in the after-school and daycare programs; Terise is an assistant teacher of 4-year-olds. They love their jobs.

assistant, and that’s how I started. It’s a whole different place from home for the

“I was born and raised here,” says Nelly,

kids. They love to be involved and I love

whose four children have participated in

making things with them. Just what they

Guild programs. She says she wouldn’t

learn from mixing colors is amazing.”

work anywhere else. “I’m aware of how

Being a full-time student, a worker, and a

hard it is for a lot of parents. They rely on

parent isn’t easy. “You have to want to be

the Guild because child care is so

here,” says Terise with a big smile. “You

expensive. They can’t believe it costs

can’t do it for the paycheck.”

nothing. ‘Are you sure?’ they keep asking.

Young kids have so many issues, and it’s a

Keeping Things in Balance

very long day for children because parents

Calling in help to deal with stress

are working later. So we try to give them

“The legal immigrants in our

structure and make it fun.”

community—mainly from the Dominican Republic—have been here for

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For a while, Terise Haines took any job to

years, working in low-paying jobs, but

make money. She’d dropped out of

working hard and able to get by. Today,

college, where she’d been studying

they are losing their jobs: factories are

computer science, when she got pregnant.

shutting, and restaurants aren’t hiring.

But when her daughter was old enough to

The influx of young professionals has

enroll in the Guild, she went back to

driven the rents up to the sky. Now, it’s

school to become a teacher. “The Guild

one apartment for two families, three

had an opening for a substitute teaching

families, four families, each room is a

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family. It’s dangerous and the kids are growing up with no chance to become human beings. The frustration, the stress, and the violence in the families are a big problem. There is no future for them, and so they come here to apply for food

also having meetings very frequently now

stamps or find housing.” Jose Javier

as staff so we can nip problems in the

Bosque is the executive director of the

bud, and make sure we are making time

Southside Community Mission and this

for communication.”

is how he describes what’s going on in south Williamsburg, Brooklyn.

“From Crisis to Collaboration” Over the last year, The Trust has brought

Trust program officers had met with staff

together the eight safety-net agencies and

at the Mental Health Association (MHA)

four nonprofit management consulting

and told them about the eight safety-net

firms to learn from each other’s

agencies we had funded; the Association

experiences. They have done more than

proposed a program to help them. So

that. They now know each other and are

Javier was relieved when MHA, with a

working cooperatively, referring clients,

grant from The Trust, offered to train him

offering services, and sharing expertise.

and his staff to recognize symptoms of mental distress and how to deal with

Chaumtoli Huq, litigation director of

them. “I have never gone to a workshop

Manhattan Legal Services, puts it neatly:

that was so well prepared. We learned how

“We’ve gone from crisis to collaboration.”

we could cope better with our clients, to

New York still has a long way to go but,

keep them calm. We also learned to

like Appreciative Inquiry practitioners,

understand our own frustration, because

The Trust celebrates our grantees

we are also affected by what’s going on. It’s

accomplishments, and we are grateful that

not easy, but I feel privileged to be in this

we can support their work. With the

position. The MHA program taught me

generosity of our donors, a dedicated

how to try a different approach and deal

board, and expert staff, we will continue

with someone in a different way. We are

to fund nonprofits that make a difference.

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To provide a full flavor of our grantmaking, we’ve given thumbnail sketches of selected grants in each of our program areas. We urge you to read our grants newsletters for a full view of our grants program.

selected grants

CHILDREN, YOUTH, AND FAMILIES

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Girls and Young Women Esperanza del Barrio, to expand a youth leadership program for Latinas.

Muslim Women’s Institute for Research and Development, to expand an internship and community service program for Muslim girls.

Social Services and Welfare Hunter College of CUNY, School of Social Work, to train social work students to help clients deal with financial problems. 1 Spence-Chapin Services to Families and Children, to recruit adults to provide short-term care for babies whose parents are considering putting them up for adoption. 5 Substance Abuse Center for Court Innovation at the Fund for the City of New York, to implement Rockefeller drug law reforms.

Sunset Park Alliance, to help an alliance of Sunset Park agencies strengthen substance abuse prevention and treatment services for youth who are neither working nor in school. 3 Youth Development Literacy Assistance Center, to create a

Web site for people to register online for the high school equivalency exam and get information, by zip code, about test prep classes and work readiness programs.

New York Academy of Medicine, to continue and expand a science and health careers program for black and Latina seventh-grade girls in Harlem.

COMMUNITY DEVELOPMENT AND THE ENVIRONMENT

Civic Affairs Citizens’ Committee for New York City, to provide cash awards for volunteer-led neighborhood improvement projects. 2 Fiscal Policy Institute, to bring its expertise on the State budget process to analyze the City budget and help funders and nonprofits get a clearer understanding of the impact of the recession on the nonprofit sector and the New Yorkers who depend on it.

Community Development Association for Neighborhood and Housing Development, to advocate for housing policy that strengthens affordable housing preservation and production.

Local Initiatives Support Corporation, to work with 40 community development corporations with sizable real-estate hold-

1

15

2

3 ings and help them review their cash flow, audits, and operating budgets, and get them on sound financial footing.

Workforce Development ACCION New York, to provide female entrepreneurs with capital and financial education on topics such as bookkeeping and repairing credit.

Seedco, to develop a program that works with community organizations to train workers to weatherize and energy retrofit buildings.

City and State Environment New York Industrial Retention Network, to promote sustainable manufacturing in New York City.

New York State Gas Drilling Protection Project, to address the public health and environmental effects of natural gas drilling in the watersheds supplying drinking water to the City.

4

National/International Environment Environment America Research and Policy Center, to advance administrative policies that reduce U.S. greenhouse gas emissions.

Environmental Health Fund, for a campaign to bolster support for reform of the Toxic Substances Control Act.

5

Technical Assistance Nonprofit Finance Fund, to provide financial counseling and training for New York City nonprofits.

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Taproot Foundation, to help nonprofits attract, manage, and retain volunteers.

HEALTH AND PEOPLE WITH SPECIAL NEEDS

EDUCATION, ARTS, AND HUMAN JUSTICE

Health Services Public Health Solutions, to expand services and strengthen the City’s largest provider of reproductive health care services for low-income teenage girls and young women. 9

Education National Economic and Social Rights Initiative, to lead a pilot program that is developing tactics for conflict intervention and resolution in City schools.

Center for Human Environments, CUNY, to help high school students plan for college and other opportunities through the creation of Student Success Centers. 4 Arts and Culture Fourth Arts Block, to promote the arts groups in the East Fourth Street Cultural District in Manhattan through coordinated discounts, centralized ticketing, and free street performances. 8) Queens Council on the Arts, to provide business training for Queens arts groups and artists.

Historic Preservation Historic House Trust, to help 23 historic houses in New York improve and coordinate their educational programs.

New York Landmarks Conservancy, for emergency repairs of historic buildings owned by City nonprofits. 10 Human Justice Immigration Equality, to help gay people and people with AIDS apply for asylum and become legal residents.

Sanctuary for Families, to provide legal help to poor and immigrant victims of domestic violence.

SHARE: Self-Help for Women with Breast or Ovarian Cancer, to expand an ovarian cancer education and support program.

Health Systems and Policy Mount Sinai Medical School, to reduce the costs of palliative care and increase patient and staff satisfaction in municipal hospitals through a study of similar programs around the country.

Primary Care Development Corporation, to help community health centers compete for federal stimulus money. 7 Biomedical Research The Public Health Research Institute at New Jersey Medical School, to study a drug-resistant bacterium in four City hospitals.

Blindness and Visual Disabilities NYC Health and Hospitals Corporation, to expand a treatment program for diabetics who risk vision loss.

VISIONS/Services for the Blind and Visually Impaired, for a program that trains youth to help blind elders. 6 Children and Youth with Disabilities New Alternatives for Children, to consolidate health and mental health clinics at an agency that serves seriously ill and disabled children in foster care.

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7

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9 Resources for Children with Special Needs, to strengthen five after-school programs for children with disabilities. 11 Elderly Medicare Rights Center, to help seniors understand and apply for Medicare benefits.

Services and Advocacy for GLBT Elders (SAGE), to expand financial counseling and social services for gay and lesbian elders.

10

Mental Health and Mental Retardation Comunilife, to treat Latina adolescents who have attempted suicide.

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MFY Legal Services, to improve conditions for poor, mentally ill people who live in boarding houses.

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how to apply for a grant

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The Trust makes grants in four general areas: Children, Youth, and Families; Community Development and the Environment; Education, Arts, and Human Justice; and Health and People with Special Needs. We are committed to sticking with significant issues that may not lend themselves to quick or easy solutions, while remaining open to projects that tackle emerging problems and to organizations that may be new to us.

Grants are made primarily to nonprofit organizations located in the five boroughs of New York City. Our suburban divisions handle grants on Long Island and in Westchester (page 29). Grants to programs outside our area generally are from funds designated

our receptionist at (212) 686-0010,

for specific charities or that have been

ext. 0, or visit our Web site,

made at the suggestion of donors.

nycommunitytrust.org.

Applicants should begin by requesting

If, after you have read our guidelines,

our “Guidelines for Grant Applicants�

you believe that your proposed project

and one or more of the four brochures

meets our criteria, send us a cover letter

that describe in detail each of our

along with a completed application

grantmaking areas. We also suggest that

form (enclosed with the guidelines),

you request copies of our grants

and a copy of the proposal—not more

newsletter to get a sense of the kinds of

than 10 pages plus appendices. Include

projects we currently fund. Please call

in your letter a brief summary of the

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proposal, the amount requested, and the results expected. We do not accept proposals sent by fax or e-mail.

Please note that we don’t make grants to individuals and rarely for endowments, building campaigns, deficit financing,

will analyze your proposal, determine if

films, general operating support, or

and how it fits into our grantmaking

religious purposes.

program, and check to see if there is money available in an appropriate fund.

We have no specific submission

We’ll get in touch with you if we have

deadlines. Our Distribution Committee

further questions or need more

meets to consider grants five times

information.

annually, and grant applications are accepted throughout the year.

The Trust welcomes your application, but because we can’t fund every

We’ll let you know within two weeks

proposal submitted to us, we urge you

that we have received your material.

to send yours to several other funders as

During the review process, Trust staff

well.

The New York Community Trust offers donors with every kind of philanthropic interest an easy and flexible way to accomplish their charitable objectives and receive the maximum tax

becoming a donor

deduction allowed by law.

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TYPES OF FUNDS

A designated fund is for donors who

An unrestricted fund is a good option for

want to support specific organizations but

donors who want to be assured that their

recognize that the world may change. They

gift will always be used to meet vital needs

establish a designated fund in The Trust

and improve the quality of life in New

rather than leave it directly to the charity to

York City. Our staff is expert in identifying

assure that their gift remains relevant over

community needs and the nonprofits best

time and responsive to changing circum-

equipped to meet them.

stances. (See page 24 for an explanation of the variance power.)

In a field-of-interest fund, charitable giving is focused on issues of concern to the

SETTING UP THE FUND

donor, such as child and family welfare,

Each donor establishes a fund with a mini-

youth, education, human justice, conser-

mum of $5,000. Donors first decide what

vation, or health policy. The Trust makes

they want to accomplish with their philan-

grants that meet current needs in the cho-

thropy; our staff is happy to help clarify and

sen fields. Field-of-interest funds advised by

refine goals. They then choose the name of

the donor can also be established.

the fund, typically using their own names or the names of individuals to be honored

A donor-advised fund is an unrestricted

or memorialized. Donors who prefer ano-

fund legally, but the donor recommends the

nymity can choose a general name.

organizations to receive grants. Although we cannot, by law, be bound by these recom-

There are at least three ways to establish a

mendations, we take them very seriously

fund with us.

and approve grants to recommended non-

Give Now: You can set up a fund to sup-

profits that meet charitable standards for

port charities during your lifetime and

programmatic and financial soundness.

endow it to continue your philanthropy

Why The New York Community Trust?

A

for future generations.

Many of our donors

s an investment advisor in the City, I was long familiar with The New York Community Trust but had no first-hand knowledge of its services.

Then, in 2000, Bonnie Cashin, the iconic designer of American women’s sportswear, died. In a brief will Bonnie named her good friend, Curtis Kellar, a lawyer, and me as co-executors of her estate and directed us to distribute the residuary to qualified charitable organizations.

regularly add money to the funds they have established.

Give Later: Donors can

set up funds through deferred-giving arrangements. A key feature of many estate plans is a tax advantage to you now for the commitment of a charitable gift later. Charitable Remainder Trusts, Charitable Lead Trusts, and gifts of life insurance or retirement plan assets can all be used.

Wills: After providing for personal bequests,

you may include provisions for setting up a fund with us or adding to one you already have here. You will save estate taxes and ensure that the charitable work you care about will be continued.

TYPES OF ASSETS

Funds may be established with a variety of assets, including: cash, securities traded on major exchanges, closely held stock, mutual fund shares, retirement plan assets, real estate, interests in limited partnerships, and literature copyrights.

Bonnie Cashin

For us, it was a tall order to make outright distributions so we considered establishing a private foundation to carry out her wishes. Given our professional backgrounds, we believed that we could not only easily manage the foundation but also do it at minimum cost. This would have pleased Bonnie, who in her many years of philanthropy, paid close attention to the expense ratios of charities she was interested in supporting. She would expect no less of us as fiduciaries of her estate.

And there’s the rub. As mortals, Curtis and I realized that in time others would have to take on the foundation responsibility. We were concerned that even reasonable fees for investment management and custody services as well as necessary bookkeeping, auditing, consulting, and tax filing expenses would absorb a fair amount of the income that would otherwise be distributable to charity. Also, we were looking for a way to preserve in years to come the institutional legacy of Bonnie Cashin, and this would be difficult to accomplish with an endless succession of individual foundation trustees.

It happened that in 1988 Bonnie, frustrated with filing innumerable government forms, had turned over to the Community Trust a small fund she had created earlier to encourage innovative designers. Despite its modest size, she was impressed by the attention it received from the Trust’s staff who, she said, “provided service the old-fashioned way, person to person.” So it was probably inevitable that Curtis and I, after performing due diligence, chose the Community Trust as our proxy both to fulfill our fiduciary obligation and at the same time assure Bonnie’s legacy.

Ten years have passed and The Trust has more than lived up to our expectations. We established a donor-advised fund and from it the staff efficiently pays out recommended grants, monitors the status of the recipients, and helps with information about potential grants. The Trust also takes care of all the administrative paperwork and stays on top of the ever-changing legal regulations governing charitable gifts. In addition, its newsletter provides timely and valuable knowledge about the charitable needs in our City’s metropolitan area. Especially dear to my heart, The Trust has taken a conservative, long-term approach in investing the fund and that has been a winning strategy this past decade. And Bonnie would really be pleased to know these multiple services are performed at minimum cost.

At a time of economic distress, when people have lost confidence in many of our institutions, it is heartening to know that the Community Trust continues, as it has for 86 years, quietly helping generations of New Yorkers achieve and perhaps even surpass their philanthropic goals. —Henry W. Grady

Bob Kaufman: Director and donor We are glad to discuss proposed contributions with you. We cannot accept assets that are illiquid or that carry potential liability.

FUND ADMINISTRATION AND FEES

A fund established with us may be held in trust with one of our 11 trustees (see page 32), or it may be held by Community Funds, Inc., our not-for-profit

B

corporation. Together, they are known

ob Kaufman is a man on a mission—or, more accurately, many missions—from extending the benefits of the legal system to ensuring the equality of women in the military. A distinguished lawyer, gardener extraordinaire, and member of almost countless nonprofit boards and government task forces, his devotion to everything he does is legendary.

as The New York Community Trust and

We know because Bob served on The New York Community Trust board for 23 years, the last decade as vice chairman. On the many occasions that Bob has been honored, nonprofit executives offer the same kudos for his attention to detail, wise counsel, and passion for their institutions’ causes—with the subtle suggestion from each that it is Bob’s favorite nonprofit, the one he really cares about. And they’re all right. When Bob commits to something, no matter how many somethings there are, you get the full treatment: his intellect, his understanding, and his creativity.

munity Funds, our distinguished Invest-

But it is the totality of Bob’s contributions to our City and our country that are truly impressive. Because he cares, he gives—generously—to the improvement of our judicial system, our military, our political process, our health care institutions, and our neighborhoods. And what’s more, he has a great time doing it, energizing and inspiring us all with his enthusiasm and dedication.

When The Trust honored Bob in 2009, he said of his tenure on our board: “Never in my wildest dreams would I have expected it to be the most rewarding, exciting, gratifying, interesting, fulfilling involvement that it turned out to be, with the most devoted, committed, and fascinating colleagues on the board and the staff.”

The Trust is also proud to claim Bob as a donor. When his wife, Sheila Kelley Kaufman, died in 2009, he created a fund in her name to tackle homelessness. This was in addition to two other donor-advised funds he had established. In 1938, Bob had left Vienna on a Kindertransport; he used his award from the Holocaust Victim Asset litigation to fund one of them. The Trust will also receive part of his estate for an unrestricted fund to help meet the City’s most critical needs.

operate with a single governing body. If a fund is set up in trust, the bank handles the investments. If it is set up in Com-

ment Committee oversees the performance of the outside portfolio managers.

The determining factor is the inclination of the donor. The service we provide is the same.

The administrative fee charged to our funds is competitive. Please visit our Web site, nycommunitytrust.org, and click on Set up a Fund, to see current fees.

Funds that are held in trust are also charged a trustee’s fee set by the bank. It may be negotiated between the bank and the donor at the inception of the fund, and varies from bank to bank.

The Internal Revenue Service has classi-

Often, the donor uses a fund here to sup-

fied The New York Community Trust as

port causes and nonprofits that are outside

“tax exempt” under Section 501(c)(3) of

the general focus of the private foundation.

the Internal Revenue Code; as a “publicly

And almost all want to increase the impact

supported” organization under Section

of their philanthropy by joining other gen-

170b(1)(A)(vi); and as “not a private foun-

erous New Yorkers who care about the City.

dation” under Section 509(a)(1). This status ensures donors the maximum tax benefit al-

WHY THE TRUST

lowed by law. The Long Island Community

We offer substantial advantages over most

Foundation and the Westchester Commu-

commercial donor-advised funds: in-depth

nity Foundation (described on page 29) are

knowledge of the nonprofit community,

divisions of Community Funds.

the capacity to accept unusual gifts, smaller

23

minimums, and lower fees. Because our A FUND IN THE TRUST, A PRIVATE

business is philanthropy, we can help make

FOUNDATION—OR BOTH?

sure that your money makes a difference.

A fund in The Trust provides a very attractive alternative to establishing a private

FURTHER INFORMATION

foundation. We are a public charity with

The New York Community Trust is happy

the attendant tax advantages. A full-time

to work with you or with your lawyer, trust

professional staff takes care of all the

officer, or financial advisor.

administrative and grantmaking activities, eliminating the need to set up a separate

We invite you to get in touch with us at any

institution, formulate policies, file innumer-

time. Call our general counsel Jane L. Wilton

able forms, and monitor the status of grant

(Ext. 379), Robert V. Edgar (Ext. 373), or

recipients. Establishing a private foundation

Gay Young (Ext. 377) in our Donor

can take months and be costly; with The

Relations Department at 212-686-0010.

Trust, the legal apparatus is already in place, and creating a fund can take less than a day.

For some people, a private foundation is the preferred option, but many donors with private foundations also have funds with us.

23

guidelines for attorneys

24

Establishing a fund in The New York Community Trust for your client is a relatively straightforward process. Our booklet, Creating a Fund Here:

Suggested Words and Procedures, provides all the relevant information: The Trust’s tax classification letter, descriptive material on the different types of funds, and suggested language to help you draft instruments to provide for gifts to our organization.

Call us to receive a copy or visit us online, at nycommunitytrust.org.

Donors have the option of setting up funds in The New York Community Trust with a bank as trustee or in our not-for-profit corporate affiliate, Community Funds, Inc. The

The New York Community Trust, a

organizations share a governing board

co-trustee is not permitted.

and staff, and file a single tax return with the Internal Revenue Service.

• All our funds enjoy an important advantage: If a change of circumstances makes literal

THREE IMPORTANT FACTS

compliance with the terms of

• We are unable to accept a fund

the gift instrument “unnecessary,

unless its terms have been reviewed

undesirable, impractical, or

by us and found acceptable. It is

impossible,” our governing body

particularly helpful if we review the

is able to vary them. Donors are

language before the instrument is

assured that their gifts will never

executed to ensure that we can meet

become obsolete; they will remain

the donor’s purpose.

useful to the community in

• For funds held in trust as part of

perpetuity.

CREATING A FUND IN COMMUNITY FUNDS, INC.

Community Funds is a New York State not-for-profit corporation.

As with a fund in The New York Community Trust, a fund established in Community Funds becomes part of a public charity, and is not regarded CREATING A FUND IN

as a private foundation. The fund is

THE NEW YORK COMMUNITY TRUST

held and administered pursuant to the

The Resolution and Declaration of Trust

provisions of the New York Not-for-

Creating “The New York Community

Profit Corporation Law, subject to the

Trust” (the R&D) is a complete trust

Certificate of Incorporation and By-

instrument. It sets out in detail the

Laws of Community Funds. Please call

powers and duties of the Trustee Bank

us for a copy.

and the Distribution Committee. In order to establish a fund in The Trust,

CREATING A FUND IN OUR LONG

the founding document—whether for a

ISLAND OR WESTCHESTER DIVISION

bequest or a gift during lifetime—must

Because the Long Island Community

incorporate the R&D by reference.

Foundation and the Westchester

An advantage of The New York

Community Foundation are divisions

Community Trust is that it is not a

of Community Funds, donors have the

private foundation subject to certain

same options described above.

requirements, and the separate funds that constitute The New York Community Trust are component funds of a public charity, not private foundations. It is important, therefore, that an instrument designed to create a new component fund in The Trust adhere strictly to the provisions of the R&D; please call us for a copy.

25

The governing body consists of 12 members who serve as the Distribution Committee of The New York Community Trust and as the Board of Directors of Community Funds, Inc. It is their responsibility to

governing body

oversee our organization’s operations and grantmaking.

26

Six members are nominated by civic

The Finance and Audit Committee

authorities representing the public: one by

monitors the financial operations of

the Mayor of the City of New York; one

The Trust. The Investment Committee

by the Chief Judge of the United States

(see page 43) establishes asset allocation

Court of Appeals for the Second Circuit;

guidelines, recommends investment

one by the Chairman of the Partnership

advisors and vehicles, and monitors

for New York City and Chamber of

investment performance. The Fund

Commerce; one by the Chairman of

Purposes and Suggestion Review

Lincoln Center for the Performing Arts;

Committee assures that the provisions

one by the President of the Association of

and intent of each donor’s philanthropy

the Bar of the City of New York; and one

are honored, and reviews grants

by the President of the New York

suggested by donors to ensure that they

Academy of Medicine. The Distribution

meet our charitable guidelines.

Committee nominates five members, and

Charlynn Goins, Chairman Trustee, Brooklyn Museum of Art; Director: AXA Financial, Fannie Mae, Gracie Mansion Conservancy; Member, Council on Foreign Relations; Former Senior Vice President, Prudential Securities.

the President of The Trust is a member by reason of office.

Members serve without compensation.

They are selected for their judgment, integrity, and understanding of philanthropic needs. The Committee meets every two months throughout the year; subcommittees meet on a regular basis.

Judith Byrd Aviation consultant; Founder and Former Partner, Unison Consulting Group; Trustee, Alvin Ailey American Dance Theater, Fashion Institute of

Technology; Director, NAACP Legal Defense and Education Fund; Former Trustee, Goodman Theater; Former Member, Economic Club of Chicago.

Anthony Carvette President, Structure Tone; Director: Madison Square Park Conservancy, Alvin Ailey American Dance Theater, United Way of New York City, and Salvadori Center.

Jamie Drake Founder and Principal, Drake Design Associates; Chairman, Alpha Workshops; Member: American Society of Interior Designers, Directors’ Council Historic House Trust of New York, Interior Design Hall of Fame; Former Co-Chairman, Furnish-aFuture Industry Committee.

Nominated by the Mayor of the City of New York.

Standing from L to R: Lorie A. Slutsky, Barry H. Garfinkel*, Judith Byrd, Samuel S. Polk, Anthony Carvette, Valerie Peltier, Robert M. Kaufman*, Anne Moore, Estelle Newman Tanner, Jamie Drake.

Seated from L to R: Roger J. Maldonado, Anne P. Sidamon-Eristoff*, Charlynn Goins, William M. Evarts*, Barbara H. Block*. *Consulting member

Ernest J. Collazo Managing Partner, Collazo Florentine & Keil LLP; Director, Federal Defenders of New York; Member: Advisory Committee to the Rules Committee of the Second Circuit, City Bar Delegation to the NYS Bar Association House of Delegates, Departmental Disciplinary Committee of the Appellate Division First Judicial Department, Council on Foreign Relations; Former Member, Executive Committee of the City Bar. Nominated by the Chief Judge of the U.S. Court of Appeals for the Second Circuit.

Roger J. Maldonado Partner, Balber Pickard Maldonado & Van Der Tuin, PC; Member, Mayor’s Advisory Committee on the Judiciary; Executive Committee, Association of the Bar of the City of New York; Board Member: Association of the Bar of the City of New York Fund, National Hispanic Business Group, United Neighborhood Houses (Vice President).

Nominated by the President of the Association of the Bar of the City of New York.

28

Anne Moore, M.D. Professor of Clinical Medicine, Joan & Sanford I. Weill Medical College of Cornell University; Attending Physician, New York Presbyterian Hospital; Medical Director, Weill Cornell Breast Center; Former Director, American Board of Internal Medicine.

Nominated by the President of the New York Academy of Medicine.

Archive; Trustee Emerita: Wellesley College, Colonial Williamsburg Foundation.

Valerie Peltier Managing Director, Tishman Speyer; Board Member: American Museum of Natural History, Visiting Nurse Service of New York.

Nominated by the Chairman of the Partnership for New York City.

William M. Evarts Senior Counsel, Pillsbury Winthrop Shaw Pittman LLP; Chairman Emeritus, The New York Community Trust.

Samuel S. Polk Retired Partner, Milbank, Tweed, Hadley & McCloy; Trustee: Hospital for Special Surgery, Westchester Land Trust; Former Trustee: Cooper Union for the Advancement of Science & Art, Frederick R. Koch Foundation, Mitsui Trust Company.

Lorie A. Slutsky Director, The New York Community Trust; President: Community Funds, Inc., The James Foundation; Director: AllianceBernstein LP, AXA Financial, Independent Sector; Trustee Emerita: Colgate University, The New School; Former Director: Council on Foundations (Chairman), Foundation Center (Vice Chairman), BoardSource (Chairman), Hispanics in Philanthropy, United Way of New York City.

Member ex officio.

Estelle (Nicki) Newman Tanner Board Member: WNYC Radio, Auburn Seminary, StoryCorps, Jewish Women’s

Consulting Members

Barbara H. Block Board Member, Lincoln Center for the Performing Arts (Executive Committee).

Charlotte Moses Fischman General Counsel, Kramer, Levin Naftalis & Frankel LLP. Barry H. Garfinkel Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP & Associates.

Robert M. Kaufman Partner, Proskauer Rose LLP, former Vice Chairman, The New York Community Trust.

Anne P. Sidamon-Eristoff Chairwoman Emerita, American Museum of Natural History; Chairman Emerita, The New York Community Trust.

Carroll L. Wainwright, Jr. Retired Partner, Milbank, Tweed, Hadley & McCloy.

Lulu C. Wang Chief Executive Officer, Tupelo Capital Management LLC.

With the belief that grantmaking is most effective when it is done locally, The Trust established divisions that reach out to the greater metropolitan area: the Westchester

SUBURBAN DIVISIONS

Community Foundation, founded in 1975, and the Long Island Community Foundation, founded in 1978.

Each is guided by a board of advisors

For donors who wish to contribute to

A Long Island resident gets

composed of community leaders and

charities in these communities, our

free health care from

staffed by people expert in grantmaking

suburban divisions combine sensitivity to

and donor service. As part of The Trust,

local concerns with the econo足mies of

nurses, and social workers

Long Island and Westchester enjoy our

scale and expertise of a large organization.

volunteer their time.

investment management, legal, financial,

Funds in each division are listed on the

and accounting services.

following two pages.

LONG ISLAND COMMUNITY FOUNDATION Nassau Hall 1864 Muttontown Road Syosset, NY 11791 516.348.0575 www.licf.org

WESTCHESTER COMMUNITY FOUNDATION 200 North Central Park Avenue Suite 310 Hartsdale, NY 10530 914.948.5166 www.wcf-ny.org

Board of Advisors Lawrence E. Davidow, Chairman Fred Bornstein Patricia Galteri Roslyn Goldmacher Robert M. Hoyte Aldustus E. Jordan, III Peter J. Klein William T. Martin John D. Miller Raymond C. Radigan Theresa A. Regnante Marge Rogatz Lawrence Scheinthal Pearl F. Staller

Board of Advisors Kathy Shea, Chairman Matthew McCrosson, Vice Chairman Venetta Chambers Amory Manuel Boado Theodore V. Buerger Jacqueline Dunbar, M.D. Denise S. Farrell Wiley Harrison Drusilla van Hengel Debra Shaw Hess Theresa Beach Kilman Rosia Blackwell Lawrence Judith Matson Katherine Cromwell Moore Raymond M. Planell Kathy N. Rosenthal David P. Shover Sabin C. Streeter Natan Vaisman

RotaCare, a clinic whose entire staff of doctors,

A Food Bank for Westchester truck delivers fresh produce to emergency feeding programs, which faced increased demand in 2009.

29

Westchester funds

30

Apoyo Fund (2002) Arfa Family Fund (1997) Aronian Family Fund (2008) Ascher Fund (1999) Linda Ashear Fund (2001) Douglas H. & Sarah G. Banker (2008) Barringer-Spaeth Fund for Change (2002) Joan Bartels Memorial Fund (1997) Beverly Bender Fund (2000) Helen Benedict Fund (2000) Howard & Grace Benedikt Fund (2002) Carol Berger Scholarship Fund (2005) Richard A. Berman Fund (2004) K. M. Bialo Family Fund (1986) Bianco Family Fund (2003) Blecher Family Fund (1986) Albertina Bloom Memorial Fund (1985) Samuel & Beatrice Marks Bloom Memorial Fund (1998) Blumer Family Fund (1998) Jack Brennan Fund (2002) Buerger Fund (2001) Elizabeth G. Butler Angel’s Fund (2005) Tony Carlucci Scholarship Fund (1999) Jesse L. Carroll, Jr. & Judith B. Carroll Fund (1986) Barbara & Walter Ceconi Charitable Fund (2008) H. M. & T. Cohn Fund (1977) Larry Cole Memorial Fund (2003) Colson Fund (2006) Community Response Fund (2008) Michael A. Correa Memorial Fund (2002) CPM Fund (2007) Nancy & Robert DeLigter Boy Scout Memorial Fund (1991) Michele & Concetta DeRosa Fund (2000) Alyson & Parker Drew Fund (2000) Linda A. & James H. Ellis Fund (1999) Marion C. & James E. Enright Scholarship Fund (2005) Ernie, Louise & Jeffrey Early Childhood Fund (1995) Esplanade Fund (2003) Falk Family Fund (1986) Francis & Denise Farrell Family Fund (2006) Celia Malbin Feinstein Fund (1992) Arnold E. & Olga C. Feldman Fund (2003) *First Decade Fund (2009) Jane Franke-Molner Fund (2008) Virginia Franklin Journalism Scholarship Fund (2004) Peggy Friedman Memorial Fund (1989) Fund for Westchester’s Environment (2001) Fund for Westchester’s Future (1987) Gallagher Family Charitable Fund (1999) Charles Gamper Fund (1985) J.F. & M. Gelband Fund (1995) Rita & Bruce Gilbert Fund (1992) Lloyd & Lonya Gilbert Fund (1991) Glassberg Family Fund (1997) Rachel Greenstein Memorial Fund (1988) Carol & Frank Headley Family Fund (1996) Jeanne & Lee Heffner Fund (2000) John & Marilyn Heimerdinger Fund (1994) Russell Hexter Filmmaker Fund (1997) Julian H. Hyman Memorial Fund (1985) Alice & Warren Ilchman Fund (2000) Karen Cromer Isaac Fund (2007) Izard Fund (1997) Jade Fund (1999) Paul & Barbara Jenkel Fund (1998) Edwin Irving Johnson Scholarship Fund (1985) Janet A. Johnson Scholarship Fund (2003) Margaret Jourdan Fund (2005) Kadejay Fund (1998) Kidney Transplant Fund (2007) Kilman Family Fund (2008) Kimerling Career Development Fund (2000) Learning Center Fund (1994) Dorothy & John Lebor Fund (1999) James L. Leinwand Fund (1998) David F. & Dorothy W. Linowes Fund (1999) Linville Fund (1993) William J. & Helen Z. Lippincott Fund (1994) James M. Lober & Lois B. Lober Fund (1998) John A. Lombardi Scholarship Fund (2006) Karin Lopp Fund (1998) Elizabeth Lorentz Fund (1986) Lester & Helen Levinthal Lyons Fund (1994) John F. Maloney Memorial Fund (1998) Patrick J. McNeill Scholarship Fund (1997) Menzies Fund (2002) Merrill Lynch Fund for Children with Disabilities in Memory of Christopher Herndon (2006) Middleton Family Fund (2001)

Asa Uyeda Mitsudo & Sumi Lynn Koide Memorial Fund (1996) David & Katherine Moore Family Foundation Fund (2000) Katherine C. & David E. Moore Fund for Community Development (2005) Nathan Moscow Fund (1985) Munson Family Fund (2000) David & Rhoda Narins Family Fund (1999) Eda & Stanley Newhouse Fund (1983) James L. Newhouse Fund (1986) Thomas J. & Margaret Lynch O’Connor Scholarship Fund (1994) Olmezer Westchester Fund (1998) Pammy Fund (1989) Passionist Fund (1995) Lawrence R. Jr. & Thelma Dale Perkins Fund (For Minority Education) (1993) Perry Family Fund (1988) Roger Perry Memorial Fund (1999) Roger & Isobel Perry Memorial Fund (2000) Joseph Petre Memorial Fund (2008) Pisacano Family Fund (1995) Raymond M. & Alice M. Planell Fund (2006) Pottinger Fund (1994) Sal J. Prezioso Fund for Westchester’s Future (2001) Putnam Fund (1999) Muriel L. & Stephen B. Randolph Fund (2004) George E. & Elizabeth A. Reed Fund (2001) Reiman Brothers Fund (1999) Elsie Reinhart Memorial Fund (1991) Renal Clinical Fund (2007) Renal Research Fund (2007) Nathan Rosen Memorial Fund (1996) Vito & Diana Russo Fund (1988) Elaine & Edmund Schroeder Fund (2002) Dr. Lester J. Schultz Memorial Fund (1984) Robert & Lynne Schwartz Fund (1986) Shea Family Fund (2004) Dorothy F. & William B. Shore Fund (2000) Carl Slater Memorial Fund (1998) Bradford & Pamela Smith Charitable Fund (2000) Michelle Sobel Literacy Fund (2006) Karena Somerville AWC Scholarship Fund (1992) Dr. John B. Sommi Fund (2003) Jerry Spitz Charitable Fund (2008) Stepinac Fiftieth Reunion Scholarship Fund (2006) Andrew Stewart Memorial Fund (1999) Edward Storck Memorial Scholarship Fund (1996) Sturmer Family Fund (1996) Sullivan Family Fund (1994) Kalyan Sundaram Fund (2006) James A. & Katherine D. Sutton Fund (1999) Martin Tackel & Abbe Raven Family Fund (1998) Alfonso Tapia & A. L. Rose Memorial Fund (1994) * Tarrytown & Sleepy Hollow Children & Youth Fund (2009) Technical Support Fund (1998) Threerandomwords Fund (2003) Jodie Torigian Charitable Fund (2000) Trabout Fund (2006) Triantafillu Fund (1983) W. Lee Tuller Memorial Fund (1983) W. Lee Tuller Memorial Education Fund (1983) Arno & Peppi Ucko Family Fund (1998) Emily & Harold E. Valentine & Evelyn Gable Clark Scholarship Fund (1988) Bernice & Irwin Warshaw Fund (1990) Nicholas C. Wasicsko Scholarship Fund (1993) Westchester Community Foundation (1975) Westchester Fund for Women & Girls (1992) Westchester Health Fund (2003) Westchester Poetry Fund (2000) Westchester Wilderness Walk Fund (2001) Frank E. Wigg Charitable Fund (1993) Wilstock Fund (1994) Evelyn G. Zamboni Fund (1986) Madeline & Sanford S. Zevon Fund (1995)

Long Island funds

Susan Isaacs & Elkan Abramowitz Charitable Fund (2005) Robert & Rhoda Amon Fund (2008) Dennis P. Angermaier Memorial Lifeguard Scholarship Fund (2002) *Michael & Christine Arnouse Family Fund (2009) Alexander Baldwin Memorial Scholarship Fund for Massapequa High School (2000) Michael & Paula Maturo Family Fund (2005) Jason & Susan Barnett Family Fund (2005) Jean Bellia Fund for Nursing Excellence (2004) Stanley & Marion Bergman Family Charitable Fund (1996) Willa & Robert Bernhard Fund (1997) Ruby & Michael Bornstein Memorial Fund (1978) Captain William F. Burke, Jr. Memorial Fund (2003) James & Carole Burns Fund (2006)

*Vincent J. Cannuscio Memorial Fund (2009) Capell Family Fund (2001) Richard M. Caproni Memorial Scholarship Fund (2001) Helene & Richard Cepler Family Fund (2000) Chakiryan Family Fund (2002) Arthur A. Chaplin GSB Fund (2001) Charity Society Fund (2000) Charlie’s Long Island Fund (1985) George J. Conklin Scholarship Fund (1989) Ann Caroline Corrody Fund (1999) Rose D’Arpino Scholarship Fund (2005) Davidow Elderly Community Assistance Fund (1996) Deering & Volpicella Family Fund (2007) Domino Family Scholarship Fund (2005) Percy Douglass Memorial Education Fund (1985) Eiber Family Fund (2000) In Memory of Elissa Fund (2004) ENEE Philanthropic Fund (1994) Martha C. Entenmann Scholarship Fund (1999) Thomas F. & Helen A. Fagan Fund (2007) Farmer’s Daughter Charitable Fund (2005) Tiffani Bea Feldman Children’s Fund (2000) Susan, Karen & Diane Lash Ferber Charitable Fund (1996) Children’s Fighting Chance Fund (2008) Mark Fischgrund Memorial Fund (2003) Walter & Sandra Fish Charitable Fund (1997) Samuel Francis Fund (2005) Franck Family Fund (2005) Anne & Frank Freeman Fund (1997) Fund for the Future of Long Island Women & Girls (1997) Fund for Innovative Community Programs on Long Island (1985) Richard H. & Jean E. Gaebler Family Fund (2005) Glenn Gerrato Scholarship Fund (2001) Jerry & Franette Gil Family Fund (1999) Neil Giske Memorial Scholarship Fund (1985) Gleason Family Fund (2008) Jeanne Going Memorial Fund for Ovarian Cancer Research (2005) Selma Goldmacher Charitable Fund (2006) Selma Greenberg Fund (1997) Greentree Foundation Fund (2003) Grundman Memorial Scholarship Fund (1990) Horace & Amy Hagedorn Long Island Fund (1996) Horace Hagedorn Memorial Fund (2005) Kristy Lyn Haley Memorial Fund (2000) Hand & the Spirit Fund (1999) F. & M. Harris Family Fund (2001) Robert E. & Barbara W. Harrison Fund (1997) Helen’s Fund (1998) Hershenov Family Fund (2007) Hispanics in Philanthropy Match Fund (2007) E.B. Hubbard Fund (2002) Julie Hunnewell Fund (1987) Alma D. Hunt/VCM L.I. Fund (1997) Idie Fund (2000) *Ann Marsden Irvin Fund (2009) Ann M. Irvin Memorial Youth Development Fund (2008) Douglas Jackson Memorial Scholarship Fund (1996) Berenice & Herman Jacobs Family Fund (1997) Marie J. Jensen Scholarship Fund (2005) Lucille S. & Martin E. Kantor Fund (1993) Edith R. Karel Fund (1998) Karish Education Fund of the Horticultural Alliance of the Hamptons (2000) Karma411 Matching Fund (2007) David & Dale Karp Family Charitable Fund (2003) Kenneth L. & Veronica K. Katz Advisory Fund (1999) Kenneth L. & Veronica K. Katz Fund (1999) Leo & Freda Keller Memorial Fund (2000) Kids Making a Difference Fund (2000) Morton L. Kimmelman Fund (2001) Kingfisher Fund (1998) David & Paula Kirsch Family Fund (2004) Beverly & Harvey Klein Fund (2001) Krasnoff Family Fund (1985) Patricia Kucinski Memorial Fund (2003) Arthur H. Kunz Memorial Fund (2005) *Ruth Kurzweil Fund (2009) Ed & Lee Lawrence Fund (1988) Donna Levien Memorial Fund (2004) Levin Family Fund (1997) Robert & Phoebe Lewis Family Fund (2006) LITAC Fund (1989) Marian & William Littleford Fund (1993) Debra Lobel/Beverly Dash Fund (2004) Long Island Community Foundation (1977) Long Island Fund for the Arts (1984) Long Island Fund for Education (1987) Long Island Fund for Youth Programs (1987) Long Island Unitarian Universalist Fund (1992) John F. Loverro Memorial Fund (2004) Lowry Family Charitable Fund (2008)

Roselle Patricia Luciano Literacy Fund for Women (1996) Kendall Madison Leadership Fund (1995) Mallouk Family Fund (2006) Mancino Family Fund (2003) William T. & Lynn Steppacher Martin Fund (2001) Massapequa Community Fund (2001) Helen P. & Randall P. McIntyre Fund (1986) Alan P. Mendelsohn Memorial Scholarship Fund (1999) Shelley Metzenbaum & Steven Kelman Family Fund (1999) Byron T. Miller Memorial Fund (1992) John D. Miller Fund (2001) Millie Fund (2000) William E. Mintzer Memorial Fund (1999) Miracle-Gro Fund (2001) Joseph & Marion L. Mitola Family Fund (1999) Morris Fund (2006) Michael Moverman Memorial Fund (1998) Nash Fund (1996) Nassau County Red Cross Fund (1998) Nassau/Suffolk Fordham Law Alumni Scholarship Fund (1991) NCJW South Shore Section Community Fund (1995) North Country Community Association Fund (2002) North Fork Fund (2003) Northrop Grumman Endowment Fund for L.I. Women & Girls (1996) Diane J. Owen Memorial Fund (2005) Sylvia & Morris Paley Fund (2002) Paul’s Fund (2002) Henry D. Pearson, Jr. Memorial Fund (1992) Peconic Stewardship Fund (1984) Perry Persichilli Memorial Fund (1996) James & Margaret Philbin Scholarship Fund (2003) Harriet B. & Edward Everett Post Fund (1986) Elizabeth Pritzker Endowment Fund (1985) Raymond C. & Diane F. Radigan Fund (2005) Rhodebeck Long Island Fund (1998) Richards Family Fund (1987) Charlotte S. & Richard D. Rockwell Fund (1999) Rose Fund (1998) Judith Rubertone Fund (1987) Cheryl & Stephen Rush Fund (1999) Saltzman Fund (1987) Arnold Saltzman Family Charitable Fund (2001) Joan & Arnold Saltzman Fund (1989) Sarah Fund (2006) Sidney Schiffman Fund (1996) Betty & Richard Schlein Fund (1997) Schneidman Family Fund (2000) Caroline & Sigmund Schott Fund (1999) John S. Schrader Memorial Fund (2004) *Schwabian Fund (2009) Schwartz Family Fund (1991) Selig Fund (1991) Samuel & Stella Seligsohn Memorial Fund (1996) Henry H. Shepard Fund (2008) Jerry & Cecile Shore Fund (1995) Meredyth H. Smith Charitable Fund (1997) Colonel William Smith Foundation (1984) E. & R. Smits Fund (2001) Song of Songs Fund (2002) Staller Scholarship Fund (1987) Erwin P. & Pearl F. Staller Charitable Fund (1992) Adam E. Stark Memorial Scholarship Fund (2001) Nancy Steinman Fund (2003) Helen, Emily & Margaret Stevens Fund (2004) Sunida Fund (1998) *Suzy’s Fund (2009) Carol & Jim Swiggett Fund (1997) Taca Family Fund (1996) Ruth Saltzman Taishoff Fund (1996) Gail Talent Memorial Fund (2003) Stuart & Jill Tane Charitable Fund (1997) Brian & Danielle Tane Charitable Fund (2007) James & Marie Taormina Fund (1999) Tealison Fund (1998) Tealison Two Fund (2001) Roger & Jerry Tilles Daughters Fund (2008) Roger & Jerry Tilles Fund (2008) United Way of Long Island’s Human Care Fund (1992) Joseph Vigilante Fund for the Adelphi School of Social Work (2000) Phyllis S. Vineyard Fund (1996) Vishnick Family Charitable Fund (2001) Voices from the Heart Fund (1997) Amah Vought Memorial Health Fund (2005) WAC Lighting Fund (2004) Elizabeth & Eugene Wadsworth Charitable Fund (1999) Hilda S. & Theodore T. Weiser Memorial Fund (1998) Charles J. Williams Fund (1986) Work Long Island (2003) Yang Family Fund (2006)

31

Trustee Banks

In 1923, the banks of New York City envisioned the type of philanthropic organization that could best meet the changing needs of this community.

32

It would be set up to give wealthy people and those of moderate means an equal opportunity to accomplish their philanthropy within a flexible framework. The charitable funds they created would be permanently secure.

The organization’s governing body—an impartial and changing committee of New York citizens chosen for their understanding of philanthropic needs— would oversee the selection of charitable beneficiaries.

This was the beginning of The New York Community Trust. Today eleven banks and trust companies have adopted the Resolution and Declaration of Trust Creating “The New York Community Trust.” The representatives of these financial institutions constitute the Trustees’ Committee, and each bank is authorized to receive funds in trust for The New York Community Trust.

Brown Brothers Harriman Trust Company

John A. Gehret, Chairman & CEO Alternate: Daniel J. Arciola, Senior Vice President Citigroup, Inc.

Vikram S. Pandit, CEO Alternate: Michael J. Carolan, Divisional Trust Manager, Citi Trust Eastern Division Deutsche Bank Americas

Seth Waugh, CEO Alternate: Paul J. Bisset, Managing Director Fiduciary Trust Company International

Henry P. Johnson, President and CEO Alternate: Gail E. Cohen, Executive Vice President, General Trust Counsel & Head of Global Wealth Management HSBC Bank USA

Irene M. Dorner, President & CEO Alternate: Gerard F. Joyce, Jr., Managing Director, Head of U.S. Personal Trust Lehman Brothers Trust Company

Robert J. Laughlin, President Alternate: Joseph F. Collins, III, Senior Vice President JPMorgan Chase Bank

James S. Dimon, Chairman and CEO Alternate: Paula M. Baker, Chief Fiduciary Executive, JPMorgan Private Bank

Bank of America Corporation

Brian T. Moynihan, CEO Alternate: Peter G. Pangis, Market Trust Executive, U.S. Trust, Bank of America Private Wealth Management The Bank of New York Mellon

David F. Lamere, Vice Chairman & CEO, Wealth Management Alternate: Joseph M. Samulski, Managing Director, BNY Mellon Wealth Management Bessemer Trust Company

John A. Hilton, Jr., President & CEO Alternate: William H. Forsyth, Jr., Managing Director & Senior Fiduciary Counsel

The Rockefeller Trust Company

Elizabeth P. Munson, President Alternate: James M. Mulvaney, Senior Vice President

33 Phone: (212) 686-0010 Fax: (212) 532-8528

STAFF OF THE TRUST

Office of the President Ext.

Lorie A. Slutsky, President 257 Elba Linares Griffin, Assistant to the President 235 Barbara Wybraniec, Executive Assistant 229

Grants and Special Projects Ext.

Joyce M. Bove, Senior Vice President Judith Lopez, Executive Assistant Liza Lagunoff, Director, Grants Budgeting & Management

552 554 559

Children, Youth & Families Administration Ext.

Mercedes M. Leon, Vice President Tonia Brewer, Records Assistant Joan Reedy, Benefits Administrator Ilana Rudolf, Receptionist Ayanna Russell, Director of Office Operations Jacqueline Sacks, Director of Systems Planning Tilackdharry Shievkumar, Office Assistant

265 636 256 0 227 411 667

Communications Ext.

Ani F. Hurwitz, Vice President Amy Wolf, Communications Officer

224 234

Roderick V. Jenkins, Program Officer Patricia A. White, Senior Program Officer

527 579

Community Development & the Environment

Patricia Jenny, Program Director Patricia Swann, Senior Program Officer

201 530

Education, Arts & Human Justice

Kerry McCarthy, Program Officer Kavitha Mediratta, Program Officer Jane R. Stern, Senior Consultant

520 557 537

Health & People with Special Needs Donor Relations Ext.

Robert V. Edgar, Vice President, Donor Relations Gay Young, Vice President, Donor Services Anne M. Nally, Grants Administrator

373 377 301

Irfan Hasan, Program Officer Len McNally, Program Director

573 556

Nancy DeKoven, Administrative Assistant Sheila Dinkins, Administrative Assistant Janet Morgan, Administrative Assistant

525 553 539

Office of the General Counsel Ext.

Jane L. Wilton, General Counsel 379 A. Nicole Spooner, Associate General Counsel 386 Kathleen Wecht, Executive Assistant 322

Divisi

Finance & Investment Ext.

ons

Mary Z. Greenebaum, Chief Investment Officer Alan Holzer, Chief Financial Officer Heidi Hotzler, Controller Jannette Andaluz, Financial Assistant Yahaira Ortiz, Accountant Lora Rhames-Davis, Accountant Raymond P. Salibur, Investment Administrator Michael Satz, Manager, Tax Reporting Wen Weng, Manager, Financial Reporting & Budgeting

Long Island Community Foundation Ext.

464 424 444 429 463 476 455 469 499

T: (516) 348-0575 F: (516) 348-0570 David Okorn, Executive 223 For a complete staff list, please visit www.licf.org.

Westchester Community Foundation

T: (914) 948-5166 F: (914) 948-5197 Catherine Marsh, Executive 3 For a complete staff list, please visit www.wcf-ny.org.

financial statements

Consolidated Statements of Financial Position December 31,

2009

Assets Cash and cash equivalents $ 36,578,530 Investments (note 3) 1,702,584,549 Receivables 522,698 Fixed assets, net 2,125,482 Total assets

$ 1,741,811,259

Liabilities and Net Assets Liabilities:

Accounts payable $

Grants payable

Deferred rent credits (note 5)

Pension liability (note 4)

Accrued postretirement medical benefit obligation

(note 4)

Total liabilities

542,209 20,779,617 2,768,934 2,339,876 2,490,224

2008 $

33,705,925 1,491,968,108 1,804,042 2,389,736

$1,529,867,811

$

556,669 38,348,137 2,813,291 2,705,909 2,617,039

28,920,860

47,041,045

Net assets:

Unrestricted:

Endowment 1,658,151,059

Available for grants 51,934,126

Available for administration 2,805,214

1,429,833,670 50,114,690 2,878,406

Total net assets 1,712,890,399

1,482,826,766

Total liabilities and net assets

$ 1,741,811,259

See accompanying notes to consolidated financial statements.

$1,529,867,811

35 Consolidated Statements of Activities Years ended December 31,

2009

Changes in net assets: Revenues:

Contributions

$

84,038,325

Investment return

Less:

Investment expenses

Provision for unrelated business income taxes

289,946,625

(474,020,489)

(9,278,074) (797,881) 279,870,670

(11,298,935) (1,166,543) (486,485,967)

Other

40,025

2008

$

59,813,005

45,080

Total unrestricted revenues

363,949,020

(426,627,882)

Expenses:

Grants and services to beneficiaries

Grantmaking expenses

Administrative expenses

Development expenses

Total expenses

123,411,403 4,603,901 5,490,962 2,106,349 135,612,615

167,769,641 4,185,957 5,320,580 2,361,511 179,637,689

228,336,405

(606,265,571)

1,727,228 230,063,633

(4,783,637) (611,049,208)

Increase (decrease) in net assets before other

pension and postretirement medical changes

Other pension and postretirement medical changes (note 4)

Increase (decrease) in net assets

Net assets at beginning of year 1,482,826,766 Net assets at end of year $ 1,712,890,399

See accompanying notes to consolidated financial statements.

2,093,875,974 $ 1,482,826,766

Consolidated Statements of Cash Flows

financial statements

Years ended December 31,

2009

2008

Cash flows from operating activities: Increase (decrease) in net assets $ 230,063,633 $ (611,049,208) Adjustments to reconcile increase (decrease) in net assets to net cash used in operating activities: Net (appreciation) depreciation in fair value of investments (248,342,475) 531,441,730 Depreciation and amortization expense 280,039 318,576 Decrease in receivables 1,281,344 659,624 (Decrease) increase in accounts payable (14,460) 22,514 (Decrease) increase in grants payable (17,568,520) 2,365,818 Decrease in deferred rent credits (44,357) (44,357) (Decrease) increase in pension liability (366,033) 5,046,289 (Decrease) increase in accrued postretirement

medical benefit obligation (126,815) 176,112

Net cash used in operating activities

(34,837,644)

(71,062,902)

Cash flows from investing activities: Purchases of investments Proceeds from sales of investments Capital expenditures

(437,569,097) 475,295,131 (15,785)

(615,129,757) 658,049,255 (38,446)

Net cash provided by investing activities

Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $

37,710,249 2,872,605 33,705,925 36,578,530

$

42,881,052 (28,181,850) 61,887,775 33,705,925

Supplemental disclosure of cash flow information: Taxes paid on unrelated business income $

797,881

$

1,166,543

See accompanying notes to consolidated financial statements.

37

(1) Organization The New York Community Trust and Community Funds, Inc. (including its Long Island and Westchester Divisions) (The Trust) are community foundations created to build permanent charitable endowments for the areas they serve. The Trust, as the consolidated foundations are hereinafter referred to, is tax exempt under Section 501(c)(3) of the Internal Revenue Code (the Code) and has been determined not to be a private foundation under Section 509(a)(1) of the Code. The Trust administers nearly 2,000 individual charitable funds, each established with an instrument of gift describing either the general or specific purposes for which grants are to be made, usually from income only, but in some cases from principal.

(2) Summary of Significant Accounting Policies Accounting standards provide that if the governing body of an organization has the ability to remove a donor restriction, the contributions should be classified as unrestricted net assets. However, under New York State law and The Trust’s governing instruments, the assets are held as endowment funds until such time (if ever) as the governing body deems it prudent and appropriate to expend some part of the principal or appreciation. Accordingly, the consolidated financial statements classify all net assets as unrestricted, but segregate the portion that is held as endowment from the funds that are currently available for grants and administration.

Cash equivalents represent short‑term investments with original maturities of 90 days or less, except for those short‑term investments managed as part of long‑term investment strategies.

Fixed assets are recorded at cost and are depreciated on a straight‑line basis over the estimated life of the respective asset. Leasehold improvements are depreciated over the life of the respective improvement or the remaining term of the lease, whichever is shorter. Fixed assets are reported net of accumulated depreciation of $1,705,981 in 2009 and $1,425,942 in 2008.

Investment expenses include fees for bank trustees, investment managers, and custodians.

Grants and services to beneficiaries are expensed with approval of the Distribution Committee of The New York Community Trust (NYCT) or the Board of Directors of Community Funds, Inc. (CFI), and usually paid within one year.

The Trust has adopted a constant growth spending plan for many of its funds. This approach allows spending to increase at a steady rate within the confines of a floor, a ceiling and a cap. The spending plan is not applied to funds in CFI that are considered to be underwater, as defined by New York State law. At December 31, 2009 there were about 10 funds with a market value of approximately $3.6 million, and a deficiency of about $0.2 million, considered to be underwater.

Accounting estimates are an integral part of the consolidated financial statements prepared by management and are based upon management’s current judgments. Actual results could differ from those estimates.

Certain 2008 amounts have been reclassified to conform to the 2009 presentation.

(3) Investments Accounting Standards Codification Topic 820 (ASC 820), Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset, or paid to transfer a liability (an exit price), in the principal or most advantageous market for the asset or liability in an

orderly transaction between market participants on the measurement date. This pronouncement does not require any new fair value measurements, but does establish a fair value hierarchy, which requires The Trust to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of the hierarchy are:

• Level 1 inputs are quoted prices in active markets for identical assets or liabilities.

• Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset such as quoted prices for similar assets or liabilities.

• Level 3 inputs are unobservable inputs for the asset or liability.

financial statements

Accounting Standards Update 2009-12 (ASU-2009-12) Investments in Certain Entities That Calculate Net Asset Value Per Share (or Its Equivalent), which amends ASC 820, allows the Trust, as a practical expedient, to estimate the fair value of investments in investment companies for which the investment does not have a readily determinable fair market value using net asset value.

Most of The Trust’s investments are in publicly traded securities or in commingled funds, including common trust funds, which are invested in publicly traded securities. Fair value for these investments is based on quoted market prices and observable net asset values. The Trust also invests in hedge funds, private equity and certain real estate investments. The fair value of these investments has been determined primarily through independent appraisals using an income based approach and the net asset values provided by the fund managers utilizing quoted market prices of the underlying securities, market values of comparable companies and discounted cash flow projections. These valuations are reviewed for reasonableness by management of The Trust.

The following tables present The Trust’s fair value hierarchy as defined by ASC 820 at December 31, 2009 and 2008 respectively:

2009 Fair value Level 1 U.S. large cap equities $ 469,754,397 $ 425,031,123 International equities 271,911,891 145,224,684 Cash equivalents 203,289,328 203,289,328 Fixed inc. / mutual funds 156,720,005 156,720,005 Hedge funds 119,647,721 — Fixed inc. / corporate bonds 111,658,845 72,307,777 U.S. mid/small cap equities 111,386,485 68,663,886 Private equity 82,279,016 — Real estate 52,674,830 20,108,918 Fixed inc. / government bonds 44,174,603 20,620,032 Balanced funds 41,064,680 26,793,470 Fixed inc. / common trust funds 26,312,891 — Other 11,709,857 4,482,680

Level 2 Level 3 $ 44,723,274 $ — 126,687,207 — — — — — 119,647,721 — 39,351,068 — 42,722,599 — — 82,279,016 — 32,565,912 23,554,571 — 14,271,210 — 26,312,891 — 833,976 6,393,201

$ 438,104,517

$ 1,702,584,549 $ 1,143,241,903

$ 121,238,129

2008 Fair value Level 1 Level 2 Level 3 U.S. large cap equities $ 344,712,789 $ 304,360,892 $ 40,351,897 $ — Cash equivalents 248,587,361 248,587,361 — — International equities 191,453,995 80,120,127 111,333,868 — Fixed inc. / mutual funds 127,598,087 127,598,087 — — U.S. mid/small cap equities 123,373,721 97,710,506 25,663,215 — Fixed inc. / government bonds 105,766,752 60,663,579 45,103,173 — Hedge funds 94,871,324 — — 94,871,324 Private equity 71,177,250 — — 71,177,250 Fixed inc. / corporate bonds 61,942,310 38,879,649 23,056,705 5,956 Real estate 48,190,289 16,867,047 — 31,323,242 Balanced funds 33,254,986 21,006,360 12,248,626 — Fixed inc. / common trust funds 31,440,942 — 31,440,942 — Other 9,598,302 2,164,643 937,778 6,495,881

$ 1,491,968,108 $ 997,958,251

$ 290,136,204 $ 203,873,653

The Trust’s alternative investments include: Equity Oriented Hedge Funds - The principal investment is a fund of hedge funds that mainly take both long and short positions in equities. The long positions may be leveraged. The funds may also employ options, warrants, futures, commodities, fixed income securities, currency forward contracts and other financial instruments. A second holding is a direct investment in a hedge fund that takes long and short positions in commodity-based marketable equities, primarily in the energy sector.

Absolute Return Hedge Funds - These consist of three multi-strategy funds that attempt to generate consistent positive returns by focusing on opportunities that are not correlated to the returns of the overall markets. The main strategies include merger arbitrage and other event-driven investments, distressed securities and securities of companies undergoing various types of restructurings, and convertible and capital structure arbitrage. Some funds also invest in leveraged loans, real estate equity and debt, and private equity.

Real Estate - This includes an investment in a fund that holds properties that are net leased to tenants with below investment grade credit ratings. The fund’s holdings are analogous to high-yield bonds collateralized with real estate. As the result of a gift, there is also an investment in a limited liability company that owns land in New York City leased to the owner of a high rise office building.

Private Equity - Although the investments are largely in funds of funds, they also include two direct investments in private equity partnerships. Both the funds of funds and the two partnerships focus on buyouts – primarily of midcap companies. Three of the funds of funds also have a small allocation to venture capital. In addition, The Trust through gifts acquired interests in a limited partnership investment holding company and a limited liability company. The assets of the LP holding company consist almost entirely of publicly traded common stock in one company.

The Trust’s investments in hedge funds may be redeemed at the net asset value as of the measurement date and at least annually thereafter, in certain cases more frequently.

Advance notice of 30-90 days is required to redeem these investments. As such, ASU 2009-12 states that these investments should be categorized as Level 2 assets.

39

Capital invested in Level 3 assets is returned as the underlying investments are liquidated. The liquidation will occur over the term of the individual investment with the termination of these investments scheduled at various times between 2013 and 2019. Certain of The Trust’s investments in private equity and real estate involve future cash commitments which amount to approximately $40 million at December 31, 2009.

The following table presents a reconciliation for all Level 3 assets measured at fair value for the period January 1 to December 31:

financial statements

Fair value at January 1 Realized losses Unrealized losses Sales Purchases Capital calls Capital distributions Reclassification of hedge funds to Level 2 Fair value at December 31

Level 3 Assets 2009 $ 203,873,653 (110,348) (1,330,400) (1,428,493) 10,696,239 6,362,458 (1,953,656) (94,871,324) $121,238,129

2008 $ 200,021,917 — (20,744,621) (2,702,447) 8,779,012 19,787,514 (1,267,722) — $203,873,653

The following tables present The Trust’s fair value hierarchy for the investments of its defined benefit pension plan (see note 4) as of December 31, 2009 and 2008 respectively:

2009 Fair value U.S. large cap equities $ 8,816,510 International equities 1,446,848 U.S. Treasury and Agency 1,354,044 Corporate bonds 944,108 Cash equivalents 420,948

$ 12,982,458

Level 1 $ 8,816,510 1,446,848 493,298 722,202 420,948 $11,899,806

2008 Fair value U.S. large cap equities $ 6,226,783 U.S. Treasury and Agency 1,994,499 International equities 1,163,522 Cash equivalents 668,824 Corporate bonds 663,059

$ 10,716,687

Level 1 $ 6,226,783 795,131 1,163,522 668,824 445,720 $ 9,299,980

Level 2 — — 860,746 221,906 — $ 1,082,652

Level 3 $ — — — — — $ —

Level 2 $ — 1,199,368 — — 217,339 $ 1,416,707

Level 3 $ — — — — — $ —

$

(4) Pension and Postretirement Medical Benefit Plans The Trust administers a noncontributory defined benefit pension plan covering substantially all employees. Benefits are based on years of service and the employee’s compensation during the five highest consecutive years during the last ten years of employment. The Trust also provides medical

insurance benefits for its eligible retired employees. Obligations and funded status at December 31 are as follows:

Pension benefits

2009 2008 Benefit obligation $ 15,322,334 $ 13,422,596 Fair value of plan assets 12,982,458 10,716,687 Funded status $ (2,339,876) $ (2,705,909)

Postretirement medical benefits 2009 2008 $ 2,490,224 $ 2,617,039 — — $ (2,490,224) $ (2,617,039)

Benefit costs Benefits paid Plan contribution

$ $ $

$ $ $

1,080,700 461,013 —

$ $ $

218,298 240,662 —

215,959 62,279 —

$ $ $

271,411 50,945 —

The accumulated amounts not yet recognized as a component of net periodic benefit cost was $4,448,461 and $220,504 at December 31, 2009 for the pension and postretirement medical plans, respectively. The estimated amount that will be amortized into net periodic benefit cost in 2010 is $226,613 and $28,009, respectively.

The discount rates used to value the pension and postretirement medical benefit plans range from 6.00% to 6.18%. The weighted average expected return on plan assets and rate of compensation increase for the calculation of the pension benefits is 8% and 4% as of December 31, 2009. The health care cost trend rate assumption for 2010 is 8.3% declining each year to 5.9% in 2015.

The pension plan is invested in a balanced portfolio of equity and fixed income securities. Annual projected benefit payments for the pension and post-retirement medical benefit plans are expected to average $874,000 and $108,000, through 2019, respectively.

The Trust also sponsors a defined contribution retirement plan for employees, in which contributions are based upon a specified percentage of salaries. The expense for this retirement plan was $538,166 and $522,372 in 2009 and 2008, respectively.

(5) Commitments On March 30, 2004, The Trust entered into a lease agreement for office space expiring March 31, 2020. Future minimum rental payments are approximately $1.3 million in 2010 through 2014, and a total of $7.7 million thereafter through 2020.

Rental expense is recognized on a straight-line basis, in accordance with ASC 840, Accounting for Leases. The excess of recognized expense over actual rent payments as well as landlord provided improvements has been recorded as deferred rent credits. Rent expense for the years ended December 31, 2009 and 2008 amounted to $1,321,980 and $1,262,904, respectively.

41

(6) Subsequent Events The Trust adopted ASC 855, Subsequent Events, and evaluated its December 31, 2009 consolidated financial statements for subsequent events through May 12, 2010, the date the consolidated financial statements were available to be issued. The Trust is not aware of any subsequent events which would require recognition or disclosure in the consolidated financial statements.

Independent Auditors’ Report

Distribution Committee of The New York Community Trust and

Board of Directors of Community Funds, Inc.:

We have audited the accompanying consolidated statements of financial position of The New York Community Trust and Community Funds, Inc. (including its Long Island and Westchester Divisions) (collectively, The Trust) as of December 31, 2009 and 2008, and the related consolidated statements of activities and cash flows for the years then ended. These consolidated financial statements are the responsibility of The Trust’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United

financial statements

States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of The Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of The New York Community Trust and Community Funds, Inc. (including its Long Island and Westchester Divisions) as of December 31, 2009 and 2008, and the changes in their net assets and their cash flows for the years then ended, in conformity with U.S. generally accepted accounting principles.

KPMG LLP May 12, 2010

Investment Committee Bruce W. Calvert, Chairman Principal CalCap Management LLC Kathleen A. Corbet Chief Executive Officer Cross Ridge Capital LLC Elizabeth B. Dater Managing Director Angelo, Gordon & Co.

Philip Y. Edwards Principal Curcio Webb Donald R. Kurtz Retired Managing Director General Motors Investment Management Corp.

Lorie A. Slutsky President The New York Community Trust Affiliation for identification purposes only.

Assets by Fund Type

Unrestricted 53%: Donor-advised 40% Non-advised 13%

Field-ofInterest 32%

Designated 11%

Scholarship 4%

grants by program areas

Education, Arts, and Human Justice 41%

Community Development and the Environment 24%

Health and People with Special Needs 15%

Children, Special Youth, Projects and 1% Families 19%

total expenditures

Grants 91%

Administration 7%

Development 2%

financial highlights

43

investment committee

funds in 2009

Please know that we do our best to ensure the accuracy of this list, but errors may still occur.

If you find an error, please accept our apologies and contact us so that we may correct it.

A Aaron & Talia New Family Fund (2007) Janice E. Abbott Scholarship Fund (1999) Abdalla Stern Fund (2003) Jane Schwab Abel & Elise Schwab Clemenger Memorial (1946) Abrams Family Fund (2006) A.B.Y. Fund (1960) Ackman Family Fund (1997) Acorn Foundation Fund for Beautification in Memory of Barbara Foster Vietor (2004) Acorn Foundation Fund for History in Memory of Alexander Orr Vietor (2004) John & Laurie Adams Fund (2004) Hall Adams Fund (1972) Adel & Leffler Families’ Fund for Queens (1993) Frederica M. & Morton L. Adler Trust (1941) Adopt-a-Monument Fund (1987) M. Bernard Aidinoff Fund (1986) M. Bernard Aidinoff & Elsie V. Aidinoff Fund (1998) Seth G. Aidinoff Fund (1986) Akabas Family Fund (1986) Albin Family Arts Fund (1999) Barbara Albisser Memorial Fund (1981) Oakey L. & Ethel Witherspoon Alexander Fund (1977) Alexandra Fund (1970) Allegra-Tanner Fund (1995) Robert Mack Allen & Wendel Fentress Ott Fund (1989) Allen Rosenshine Minority Education & Training Fund (2000) AllianceBernstein Foundation Fund (1998) Franz & Marcia Allina Fund (1994) Alouette Fund (1993) B. Altman Fund (1985) Carl Altman Fund (2007) Altschul Family Fund (1980) Altschul Overbrook Fund (1994) Arthur Altschul Memorial Fund (2002) Arthur G. Altschul, Jr. Charitable Fund (1996) Emily H. Altschul Charitable Fund (2002) Elizabeth & Peter Altwater Fund (1974) American Seamen’s Friend Society Designated Fund (1986) American Seamen’s Friend Society Discretionary Fund (1986) Anne Anastasi & John Porter Foley, Jr. Fund No. 1 (2006) Anne Anastasi & John Porter Foley, Jr. Fund No. 2 (2006) Anbinder Family Charitable Fund (2003) J. R. Anderson Fund (1981) Patricia Anderson Fund (2005) Matthew & Krista Annenberg Fund (2006) Anonymous Fund (2006) Patricia L. Anslinger Memorial Fund (2007) Eileen & William Araskog Charitable Fund (2001) Arc of Circumstance Fund (1978) G.W. Archer Fund (2001) Joseph Arena Charitable Fund (1995) Walter & Marsha Arnheim Fund (1986) Esther Jean Arnhold Fund (1966) Arundel Fund (1988) Marcia Ashman Fund for Children (1999) Michael J. Ashworth Fund (2007) Robert R. Asiel Memorial Funds (1972) Astor Fund for Public School Libraries (1997) ASW Fund (2007) Auburn Citizen Fund (1999)

B B Fund (1990) Babbitt Family Fund (1990) Babsan Fund (1992) William M. Backer Fund (1985) Backman-Niesz Fund (1999) Isabelle Bacon Fund (1985) Baer Family Fund (1989) Ellen & Henry Baer Fund (1986) Honorable & Mrs. Harold Baer Fund (1989) Sara & Roy Bahat Family Fund (2007) Lee Bailey Fund (1991) S. Prentiss Bailey Fund (1960) Baird Family Fund (1987) Baird Family Fund No. 2 (2007) Allyson Maya Collazo Baker Fund (1984) Baker Family Fund (2003) Fern Ann Ballard Memorial Fund (1986) Dr. Holly M. Bannister & Douglas L. Newhouse Fund (1984) Peleg S. Barber Fund (1960) Bardel Family Fund (2007) Ruth Plofsky Barish & Irving Barish Fund (1996) Barns Fund (1971) Parker W. Barnum Funds (1979) William & Francoise Barstow Foundation No. 1 (1931) William & Francoise Barstow Foundation No. 2 (1959) Christopher S. Bartels Fund (1998) Katherine N. Bartels Fund (1998) McDonald C. Bartels Fund (1998) Todd C. Bartels Fund (1998) Harriett M. Bartlett Funds (1987) Arlene Bartlow Fund (2006) Arthur L. Baruch & Rosalie K. Baruch Fund (1979) Paul Ludwig Baruch & Aimee Mayer Baruch Fund (2008) Baudo-Sillerman Scholarship Fund (1989) Alice D. Beal Trust (1955) Raymond R. Beatty Scholarship in Memory of Andrew Wilson (1984) Hubert Park Beck Literacy Fund (2004) Bernadine Becker Commemorative Trust (1984) Ruth Bedford Fund (1963) Beech Fund (1975) David A. & Gail G. Bell Fund (2008) Bellevue Nursing Committee Fund (1976) Eleanor Robson Belmont Fund (1980) Selim & Luna Benardete Charitable Fund (2005) Lillian Z. Bender Fund (2002) Claire B. & Lawrence A. Benenson Fund (1987) Herbert & Edythe F. Benjamin Fund (1976) Benner Family Fund (2006) Bento Fund (2004) Maureen Duffy Benziger Fund (2005) *Berelle Fund (2009) Andrew N. & Gail D. Berg Fund (1999) Berger Family Memorial Fund (2008) Berger Memorial Fund (2008) Alexander & Eleanor Berger Memorial Fund (2008) Paul Bergman Fund (2005) Edward Bergman Fund (2005) Sarah & Paul Bergman Youth Empowerment Fund (2005) Sharon & Edward Bergman Charitable Fund (2008) Daniel Bergstein Memorial Scholarship Fund (2002) Lancelot M. Berkeley Fund (2007) Berkshire Fund (2000) Viola W. Bernard Fund for Psychosocial Health (1993) T. Roland Berner Fund (1972) Charles L. Bernheimer Fund (1974) Theresa E. Bernholz Fund (1924)

Sylvia Bernstein Fund (1994) Richard Case Berresford Fund (1997) William H. Berri Funds (1966) Betlor Foundation (1978) Beverly Hills Fund (1972) BGM Fund (1971) Anil & Pandora Po Bharvaney Fund (2007) Melanie S. Bialis Fund (2007) June R. & Jonathan Bingham Fund (1980) Henry Birnbaum Fund (2000) Gladys A. Bishop Memorial Fund (1987) Anne & Walter C. Bladstrom Philanthropic Fund (1988) Richard & Margaret Blanchard Fund (1983) Nancy & Robert S. Blank Fund (2003) Blitzer Family Fund (2005) E.H.R. & N.M. Blitzer Fund (1984) Amy Bloch/Gregory Horowitz Fund (2005) Lida & David Bloom Fund (1989) Robin Bloom Fund (1991) Dr. Dennis & Elaine Bloomfield Fund (2006) Blum Family Fund (1990) Paul & Lauren Blum Fund (2006) Sidney & Elaine Blumenthal Fund (1980) Jesse Smith Blydenburgh & Josephine Vail Blydenburgh Fund (1958) Ernst P. Boas Memorial Fund (1955) Alice Boerner Fund (1988) Beau Bogan - Elliot Friedman Arts & Charities Fund (2007) Bohemia Fund (1971) Bolin Fund (1986) Peter A. Bonanni Scholarship Fund (1996) M. Alida Bonynge Memorial Fund (1940) Lillian G. Booth Fund (1976) Janet & James Bostany Memorial Fund (1999) Charles Bouman Charitable Trust (1977) Bove Fund (1986) John Perry Bowditch Memorial Fund (1956) Clothilde de Veze Bower Fund (1989) Philip & Suzanne Bowers Charitable Contribution Fund (2003) Blair A. & Elizabeth J. Boyer Family Fund (2006) George T. & Francele Boyer Fund (1976) Boyle Family Charitable Fund (2006) Bradford Fund (1986) William B. & Jane Eisner Bram Fund (1995) William M. Bramwell, Jr. Fund (1995) Brause Fund (1986) Barry & Geraldine Brause Fund (1986) R. S. Brause Fund (1986) Roberta Brause Fund (1986) Catherine & Robert Brawer Fund (1996) Annie Grant Breath Memorial Fund (1939) Brivio Family Fund (2003) Beatrice & Douglas Broadwater Fund (1986) Edward Brodsky Fund (1997) Ann Loeb Bronfman Fund (1995) Brooke Katherine Devine Fund (2006) Brooklyn Fireman’s Medal Fund (1981) J.F. & S.S. Brown Family Fund (2006) Dee & Dickson G. Brown Fund (1986) Meredith & Sylvia Brown Fund (2004) Adon H. Brownell Memorial Fund (1985) Browning Fund (1998) Edward W. Browning Fund (1969) Brownstein Family Fund (1995) Betty E. Brugger Fund (1986) William H. & George R. Brunjes Memorial Fund (1988) May Evans Bryant Fund (1989) BTW Fund (1973) Emily G. Buck Fund (1994) Bucks Harbor Fund (2006)

Bucky Fund (2006) David A. Budd Fund (2008) Alexandru & Sonia Bunescu Fund (1993) Walter & Martha Burchard Family Fund (1988) Burford Fund (2007) Richard A. Burgheim Fund (1999) Burkhart Fund (2004) Frantzes D. Burkhart Fund (2004) William H. Burkhart Fund (2004) Burnett Family Fund (2004) John U. & Minnie M. Burt Inter Vivos Fund (1974) John U. & Minnie M. Burt Testamentary Fund (1974) Ernest Brooks Burton Fund (2003) William B. Butz Memorial Fund (1999) *Judith Byrd-Blaylock Fund (2009) Monsignor Harry J. Byrne Scholarship Fund (1998) Patrolman Edward R. Byrne Substance Abuse Fund (1988) C *Hans & Ruth Cahnmann Family Fund (2009) Jean C. Caldwell Fund (1979) Patricia A. Caldwell Fund (2002) Calman Fund (2007) Calvert Family Fund (2000) Frances T. Campbell Fund (1959) Cannon Educational Fund (1981) Cantor Family Fund (2005) Ralph & Stella Caporale Fund (1995) Carey Family Fund (1995) Carillon Fund (1998) Carlson Fund (1994) Carnegie Corporation Fund No. 1 (1936) Carnegie Corporation Fund No. 2 (1936) Carolina Fund (1986) Alys Sinclair Carreau Memorial Fund (1929) Carson Family Charitable Trust Fund (1985) Sybil Carter Memorial (1930) Cashin Family Fund (1989) Bonnie Cashin Fund (2002) Cecelia Trust Fund (1996) CFDA-Vogue Initiative/New York City AIDS Fund (1991) Ronald & Carole Chaimowitz Fund (1995) David & Miriam Chalfin Fund (1985) Maria Bowen Chapin Scholarship Fund (2005) Chapman Fund (2000) Charlie’s Fund (1975) Gerald L. Chasin Fund (1986) Richard & Ellen Chassin Charitable Fund (2000) Chatham Fund (1984) Patrick S. Cheng & Michael J. Boothroyd Fund (2000) Cheng-Kingdon Fund (2007) Herbert & Phyllis Chernin Fund (1996) Children’s Fund (1995) Ettie Chin Hong Fund (2006) Christiansen/Shuchman Fund (1987) Francis & Catherine Christy Fund (1975) Patricia Cirillo Charitable Fund (2007) Clark Family Fund (2000) Cameron Clark Memorial Fund (1998) Edith M. Clark Fund (1944) Fenton Clark Fund (1986) Valerie G. Clark Memorial Fund (1978) Clarke-Kammerer Family Fund (2003) Kevin Cleary Memorial Fund (2001) Cline Foundation Fund (1995) Clinton Community Garden Fund (1985) Coco Fund (2000) Charles I. & Ellen F. Cogut Fund (1995) Helen Cohen Fund (1995) Lisa E. Cohen Memorial Scholarship Award Fund (1991) *Paul T. Cohen Fund (2009)

45

funds in 2009

46

Coleman Family Fund (2003) John & Ann Coleman Fund (1984) Warren Coleman Fund (1986) Richard M. Colgate Fund (1959) Collazo Family Fund No. 1 (2007) Irene D. Collia Trust (1980) Columbus Circle Fund (1976) Thomas J. Concannon Memorial Internship Fund (2006) Georgianna B. Conlin Fund (1998) Kevin P. Connors Fund (1986) Conroy Family Fund (1999) Cook Family Fund (1986) Lane Cooper Fund (1960) Gertrude Corbitt Bequest (1959) Barbara Fatt Costikyan Fund (1999) Jennifer L. Costley & Judith E. Turkel Fund (2005) Melinda & James M. Cotter Fund (1986) Counterpoint Fund (1996) J. E. Covington Fund (2007) Valery Craane Fund (2004) Critchlow/McCormick Family Fund (2005) Charlotte L. Crittenden Fund (1932) A. Evelyn Cronquist Fund (1991) Jim & Pat Cropsey Farm Fund (2006) Winifred Crost Fund (1981) Andrew Crystal & Family Fund (2004) CSF Family Fund (2007) Charles E. Culpeper Fund (1999) Kay Cummings Fund (2008) Curbstone Fund (2006) Cushman Family Fund (2003) Paul & Paulette Cushman Fund (1998) CWR Partners Fund (2008) D John Da Silva Memorial Fund No. 1 (1988) John Da Silva Memorial Fund No. 2 (1988) John Da Silva Memorial Fund No. 3 (1988) DAL Fund (1984) Danziger Family Fund (1973) Abraham L. Danziger Fund (1979) Ellen & Sabin Danziger Fund (1997) Darlington Fund (1973) Elizabeth B. Dater & Wm. Mitchell Jennings Jr. Fund (1999) Davin Family Fund (1995) Davis Polk & Wardwell Fund (1997) Donna Scher Davis Fund No. 1 (1993) Donna Scher Davis Fund No. 2 (1996) Dawn Fund (2005) Day Memorial Fund (1948) DBC Fund (2008) *DBS Fund (2009) Eugenia Ortuno de Bartels Fund (2002) G. Louise Robinson de Dombrowski Fund (1991) Adam de Havenon Fund (2004) Georgia & Michael de Havenon Fund (1986) De Lisio Family Charitable Fund (2003) Peter J. De Luca Family Fund (1991) Georges & Lois de Menil Charitable Fund (1977) Jay & Ruth De Soto Mayor Fund (2004) Ellen A. Dearborn Fund (1969) David & Diane DeBell Family Fund (2003) Richard & Barbara Debs Fund (1986) Deerdodds Fund (1997) Defliese Family Fund (1971) DEL Fund (2007) Albert P. Delacorte Fund (2005) George Delacorte Center for Magazine Journalism Fund (1998) George Delacorte Fund (1994) Valerie Delacorte Fund (1993)

Delafield Fund (1975) John & Patricia Delany Memorial Fund (2006) Delany Sisters Fund (1994) Derby Fund (1983) Brian & Silvija Devine Fund (1986) J. Hugh & Nancy Devlin Fund (1986) Mary Wheeler Dewart Fund (1976) Diacre Family Fund (2003) Harris & Amy Diamond Fund (2007) Hester Diamond Fund (2002) Robert S. & Susan A. Diamond Fund (1986) DiBlasi Fund (2000) Esther Baiyla Dinner Memorial Fund (1999) Dogwood Fund (1979) Eugene, Bridget & Tommy Dolphin Scholarship Fund (1992) Susan Wells Donnell Fund (1984) William W. Donnell Fund (1994) William W. Donnell Fund for Parks (2003) A. James Donohue Fund (1986) Donors’ Education Collaborative of New York City Fund (1992) Dora Fund (2001) Mr. & Mrs. Stephen M. Dowicz Fund (1994) John & Hebe Dowling Fund (1986) Nancy A. Downey Fund (1980) Robert N. Downey Fund (1977) Nathan & Miriam Drachman Fund (1989) Jamie Drake Fund (2007) Jamie Drake Future Fund (2007) W. Christopher Draper Fund (2003) Bruce Dresner Fund (1993) Leon Drew Fund (2001) Drexel Burnham Lambert Fund (1995) Dreyfus Charitable Fund (2001) Beatrice L. Drossman Fund (1998) Dr. James R. Dumpson Fund for Social Services (1999) William M. Duncan Family Fund (1986) T. J. Dermot Dunphy Fund (1984) Dutch Kills Civic Association Fund (1994) Solomon Dutka Fund (1999) Suzanne L. Dyer Development Fund (2007) E East Harlem Tutorial Program Fund (1997) Evelyn & Jack Eber Fund (1995) Ebisu Fund (1993) E.C.B. Fund (1960) Economic Justice Fund (1989) Julius & Margarete Edelstein Fund (1991) Edlow Fund (1996) Eel River Fund (2007) Eleanor Franklin Egan Memorial Fund (1927) E.H.C. Foundation (1967) *Julie Ehrlich & Noam Elcott Fund (2009) Dr. Moses Einhorn Fund (1964) Einhorn/Lasky Family Fund (1999) Eiseman Altschuler Fund (2003) Irving & Blanche Eisenberg Charitable Fund (1995) Carole & Richard Eisner Fund (1980) EJP Fund (2007) Claudio Elia Fund (1997) Dr. Deborah Elkins Fund (1993) Gertrude Elkins Memorial Fund (1993) Howard L. Ellin Charitable Fund (2003) Nancie Ellis Fund (2004) ELSAM Fund (1999) Elsie, Ubaldo & Vivian Cardia Fund (2008) Lita & Walter Elvers/Zipperian Fund (1999) Emy Fund (2007) Henry C. Enders Funds (1976) Mildred F. Englander Fund (1985)

Enos Fund (1983) Samuel Epstein Lecture Fund (1999) Josephine L. Erwin Fund (1935) James A. Essey & Nina Zakin Essey Fund (1994) Evans Family Fund (1995) Bradford & Barbara Evans Fund (1986) Brittain Anderson Ezzes Fund (2007) F Fahnestock Family Fund (1980) Fahs-Beck Fund for Research & Experimentation (1986) Fahs-Beck Fund II for Research & Experimentation (1993) Edgar W.B. Fairchild Fund (1992) Fairway Fund (1987) Falk, Lichten & Rosenstein Fund (1995) David Falk Memorial Fund (1989) Susan Meyers Falk Fund (1996) Joseph Fancher Fund (1983) Farrand Family Fund (1993) Faunsdale Fund (1986) FBS Fund (2006) Emanuel & Bertha Feder Memorial Fund (1994) Federal Bar Council/U.S. Attorneys’ Offices Fund (2001) Robert B. Feduniak Fund (1986) Fegan Family Fund (2008) Feinsod Herz Fund (1980) Feldman Family Fund (1982) Nancy & Michael Feller Fund (2007) Louise & Marvin Fenster Family Fund (1999) Anthony & Vanda Ficalora Fund (1988) Judith & Norman Fields Fund (1992) Raymond H. Fiero Fund (1985) Brian Keith Fifield Memorial Scholarship Fund (1987) Filak Family Fund (1999) Simon Finck Fund (1959) Golda & Mollie Fine Fund (1977) Harriet Finkelstein Family Fund (2007) Kelly Ann Finley Memorial Fund (2008) Laura & Michael G. Fisch Fund (1999) Fishbein Family Fund (1998) Mitchell S. Fishman Donor-Advised Fund (1999) Robert B. Fiske, Jr. U.S. Attorneys Fellowship Fund (1987) Desmond Gerald FitzGerald Charitable Fund (1986) Kirsten Flagstad Memorial (1964) William E. Flaherty Family Fund (1998) Clementina Santi Flaherty Fund (2007) Flanagan Fund (2006) Sam Flax Memorial Scholarship Fund (1964) Fletcher Fund (1999) Elizabeth H. & Irvine D. Flinn Fund (1999) Josephine Flood Memorial (1973) Francis Florio Funds (1974) Flushing Females Association Scholarship Fund (1992) Michel Fokine Memorial Fund (1985) Walter B. Ford Funds (1972) Fortune Society Education Fund (1994) Fosdick Fund (1986) John H. Foster Fund (1984) Ben Fox Memorial Fund (1962) Ellen Sydney Fox Fund (1994) Frank Fund (1995) Abraham B. & Sarah Frank Fund No. 1 (1955) Abraham B. & Sarah Frank Fund No. 2 (1956) Martin M. Frank Scholarship Fund (1990) Thomas W. & Claire W. Frank Fund (1977) Katherine M. Franke Fund (2006) Ross Frankel Family Fund (2007) Frankel-Freedman Fund (2007) Corinne R. Frear Fund (2000) Arthur & Elinor Fredston Fund (2004) David Freedman Fund (1994) Ernest Grey Frerking/Sharon Frerking Philanthropic Fund (2005)

Robert & Linda Friedman Family Fund (1995) Friends of The Atlantic Philanthropies Fund (2007) Fuld Family Fund (1991) Kenneth & Margo Fuld Fund (2001) Fuller Fund (1986) Fun On 2 Wheels Fund (1998) Fund for Autistic Children (2000) Fund for the Delacorte Theatre in Central Park (1998) Fund for Fiorello H. LaGuardia High School of Music & Arts (1983) Fund for New Citizens (1987) Fund for Performances at the Delacorte Theatre in Central Park (1999) Future of Design Jewelry Education Fund (1997) G Laly & George Gallantz Fund (1991) Gallogly Strickler Family Fund (2003) Donald R. Gant Fund (1979) Gardner Family Fund (2003) William T. Gardner Theatre Internship Fund (1992) Garfinkel Family Fund (2007) Gloria & Barry H. Garfinkel Fund (1986) Barbara Gauntlett Scholarship Fund (1986) Paul Edward Gay Fund (1990) Benjamin & Rachel Geballe Fund (2007) Geduld Fund (1993) Jane C. Geever Fund (2008) Bruce S. Gelb Fund (1995) *Ida & Benjamin Gelber Fund (2009) Gemini Fund (1998) General Charitable Fund (1971) Ruth E. & Timothy M. George Charitable Fund (1986) Jacques A. Gerard Fund (1987) Pierce Gerety Memorial Fund (1998) Benjamin Ira Gertz Fund (2004) Clara A. Gierisch Fund (1975) Clarence H. Gifford Fund (2008) Clarence H. Gifford Fund No. 2 (2008) John N. & Gillett A. Gilbert Family Fund (1999) Nancy & Lloyd Gilbert Fund (2003) Elena Gildersleeve Fund (1982) Stephen Gillen Family Fund (2004) Frank J. Gillespie Fund (1985) Gilmore Human Rights Fund (1980) Sonia Raiziss Giop Literature Fund (1994) Santina Giordano Memorial Fund (1985) Glaser Family Fund (1994) Robert J. Glenn Memorial Fund (1974) Rose N. Glenn Memorial Fund (1990) Richard & Barbara Ziet Glickman Fund (2007) Madeline Shobrys Glosten Fund (1999) Goins Family Fund (2003) Steven & Jan Golann Fund (1998) Gold-Schiff Fund (1994) Rita & Herbert Z. Gold Education Fund (1993) Goldberg/Burke Family Fund (2006) Golden Family Fund (1992) *Jacob & Helen Goldfein Fund (2009) Goldman Schachar Charitable Fund (2006) Diane Goldman Fund (2008) Jack Goldring Fund (1986) Oliver & Barbara Goldstein Charitable Fund (2007) Alice & Stanley Goldstein Fund (1997) Eric L. Goldstein Fund (1999) Patricia & Bernard Goldstein Fund (1985) Good Samaritan Fund (1993) Maurice & Georgine Goodman Fund (1998) Lawrence & Katherine Goodman U.S.S. Missouri Memorial Fund (2004) Roger & JoAnn Goodspeed Fund (1986) Goodwin Family Fund (1999) Everett F. & Ann P. Gordon Memorial Fund (1991)

47

funds in 2009

48

Gail Gordon Fund (2000) William J. Gossen Fund (1985) Josh Gotbaum & Joyce Thornhill Fund (1991) Deborah Gottlieb-Shapiro Family Fund (2006) Lee Gottlieb Fund (2005) Lynda Gould Fund (2006) Gouverneur Hospital Fund (1958) Eugen Grabscheid Fund (1992) Howard E. Grace Fund (1998) Paul & Anne Grand Fund (2004) Maggie & Gordon Gray Family Fund (1998) Green Fund (1985) Lawrence & Barbara Green Fund (2005) Orland S. & Frances S. Greene Fund (1962) Greenebaum Fund (1984) Richard Greenebaum Fund (2007) John Robert Gregg Fund (1985) J & J Gribetz Fund (1983) Linda A. Griffith Fund (1970) Arthur Griggs Fund (1947) Emily Griggs Fund (1944) Gross Family Fund (2003) *Charles & Carol Grossman Family Fund (2009) Stella Grover Fund (2005) W. R. Gruver Fund (1986) Rudolph Guenther Fund (1977) Sydney A. Guggenheimer Memorial Fund (1949) Sarah G. Gund Fund (2005) Gwertzman Family Fund (2004) H Haas Foundation Fund (2000) Leopold Haas Fund (1984) Katherine & Morris Hadley Trust (1968) Horace & Amy Hagedorn Fund (1995) Emil & Zerline Hahnloser-Richard Bak Fund (1975) Hajim Family Fund (1983) Luke Halpin Memorial Scholarship Fund (2002) Carol D. & S. Sutton Hamilton Charitable Fund (2003) Mike Handy Memorial Fund (2003) Lola G. Hanna Fund (1995) Gwenda & John Hanson Fund (1986) Lee Hanson & Don Scherer Fund (1986) Harbor Watch Fund (2000) William Barclay Harding Fund (1979) Augusta Lehman Harlem & Lillian Harlem Martin Fund (2000) Harmony Fund (1986) Elisabeth Scott Harms Fund (1982) James W. Harpel Fund (1983) Jon Harrington Fund (2003) Harris Family Fund (1992) Charlotte Daniels Harris Memorial Fund (2002) Elsie & Chelsea Harris Memorial Fund (1996) Jeff & Judy Harris Fund (2003) Katharine S. Harris Fund (1965) William Harris Fund (2000) Kim & Alan Hartman Fund (2006) Andrew & Kristin Harwood Fund (2007) *Alana Hassan Fund (2009) Hastings Peace & Justice Fund (1993) Haupt Family Fund (2000) Harry & Eugénie Havemeyer Fund (2001) Hawk’s Nest Fund (2000) Hawthorne Lane Fund (1986) Steve Hayden Fund (2004) Hayes Family Fund (1996) Ralph Hayes Memorial Fund (1968) Constance Laibe Hays Journalism Fund (1994) Health & AIDS Education Fund (1991) Thomas P. Healy Fund (2003) Thomas Healy & Fred P. Hochberg Fund #1 (1995)

Thomas Healy & Fred P. Hochberg Fund #2 (1995) Nicholas C. Heaney Memorial Fund (1997) Stella & Howard A. Heffron Fund (1998) Broderick J. Hehman Memorial Fund (2006) Heiser Grant (1972) Hejaz Tree Conservation Fund (2007) Hemlocks Fund (1978) Mercedes R. Henderson Memorial Fund (1996) Paul & Ann Henegan Fund (1986) Ruth Hennig Fund (2003) Lucy Henning Memorial Fund (1995) Lucy & George Henning Fund (1974) Alexander S. Henry, Sr. & Ann S. Henry Memorial Fund A (1989) Alexander S. Henry, Sr. & Ann S. Henry Memorial Fund B (1995) Doris & Milton Hepner Fund (2000) Herbster Family Fund (1990) Jane R. & Andrew L. Herz Fund for Criminal Justice (1986) Frances A. Hess Fund (2005) Don & Marilyn Berger Hewitt Fund (1998) Leo & Ethel Heymann Memorial Fund (1954) Murray Hidary Fund (1998) High Exposure Fund (1993) High School of Commerce, Class of 1911 Scholarship Fund (1967) Ann & Leon Himelberg Fund (2006) Hintz Family Fund (1991) Peter M. Hirsch Memorial for Thyroid Cancer Research Fund (2001) Steven Hirsch Fund D (1973) Steven J. Hirsch Fund (2002) Susan Hirschman Fund (1999) Martin Hirschorn IAC Fund (1995) Margaret M. Hitchcock Fund (1946) Ho/Ching Charitable Fund (2003) Mary & David Hoar Trust for the Honor and Glory of God (1975) Rita & Irwin Hochberg Charitable Fund (1982) Hodgson Fund (1995) John J. Hoffee Fund (1996) Peter & Daphne Hoffman Donor Advised Fund (2006) Jane & Michael Hoffman Charitable Gift Fund (2003) Gloria & Joel S. Hoffman Fund (2001) Marion O. & Maximilian E. Hoffman Fund (1984) Lillian & William Hoffmanns Fund (1990) Sharon King Hoge Fund (2000) Holmén Family Fund (2002) Britt Holmen Family Fund (2002) Mark Holmen Family Fund (2002) Robert C. Holmén Family Fund (2002) Homeless Outreach & Assistance Fund (1997) Horing Family Fund (2001) Katie Danziger Horowitz & Steven G. Horowitz Family Fund (1995) Saul Horowitz, Jr. Fund (1999) John & Sandra Horvitz Fund (1996) Norris Houghton Theatre Fund (1988) Joseph Howard Fund (2006) Ralph N. Hubbard Fund (1948) Doctor Joseph E. Hughes Scholarship Fund (1984) Margaret J. Hughes Memorial Fund (1990) W. Ockham Hume Fund (2003) Christine Hunsicker Charitable Fund (2007) Mildred K. Hurson Fund (2003) Rene K. & Samuel M. Hyman Memorial Fund (1978) I I Get Fund (1991) Charles F. Ikle Scholarship & Research Funds (1965) Indian Mountain School Fund (1993)

George A. Ingalls & Ann C. Ingalls Fund (1957) Ingraham Fund (1986) Innovative Design Fund (1988) Intercultural Interdisciplinary Initiatives Fund (2008) Intrepid Fund (1976) Paul J. Isaac Fund (1981) Iseman Eleemosynary Fund (1999) *ISES/Leonard M. Greene Memorial Fund (2009) Island Fund (1975) John Paul Itta & Tony Murray Fund (2008) Isabel C. & Walter T. Iverson Fund (1986) J J B Fund (1985) F. Jackson Fund (2007) Jackson Fabrics Associates Fund (1986) Frederick Jacobi Memorial (1952) Cyril D. & Elena Jalon Fund (1986) Jamaica Fund (1989) Lucy Wortham James Fund (1935) Lucy Wortham James Memorial (1939) Walter B. James Fund No. 1 (1927) Walter B. James Fund No. 2 (1927) Jamestown Fund (1990) Warren S. & Florence L. Jampol Fund (2006) JCK Fund (2008) Jeanne d’Arc Foundation (1927) Daniel J. Jenks Memorial Fund (2005) Kayce Freed Jennings Fund (2007) Jenny-Hiteshew Fund (1994) Elise Jerard Environmental and Humanitarian Trust (1981) JM Legacy Fund (2000) Laura & Ray Johnson Fund (2003) Jophed/Thomas Fund (1975) JQW Fund (2006) K KAL 007 Victims Memorial Fund (1988) Seth & Barbara Lewis Kaplan Fund (1998) Susan Grant Kaplansky Fund (2001) Barbara & William Karatz Fund (1986) Roberta & Brad Karp Family Fund (2004) Hagop, Arousiag & Arpy Kashmanian Scholarship Fund (1999) Robert A. Kasner Fund (2005) Judy Katz/Oren Rudavsky Fund (1996) Jonathan Ned Katz Fund (2008) Dr. Martin R. Katz Fund for Culinary Arts (1988) Glenn & Kim Kaufman Fund (2004) Robert M. Kaufman Fund (1988) Robert M. Kaufman Fund No. 2 (2002) *Sheila Kelley Kaufman Fund (2009) Marion Esser Kaufmann Fund (1985) Walter & Selma Kaye Fund (1994) Paul Kazanoff Memorial Fund (1998) Hamilton F. Kean Fund (1985) Kearney Family Fund (2004) Adrian & Alieda Keevil Fund (2004) Robert Prior Kehoe Fund (1974) Richard Keim Family Fund (1983) William Wilson Kelchner Memorial Fund (1972) Jane & Donald Seymour Kelley Fund (1997) Peter L. Kellner Fund (1986) Kelner Family Fund (1996) Carl & Doris Kempner Fund (1996) Michael C. Kempner Fund (1997) Kenary Fund (2004) Kenilworth Fund (1970) Kenner-Smith Family Fund (2007) Friends of Jim Keresey Fund (2001) Gilbert N. Kerlin Fund (2005)

Jonathan O. Kerlin Fund (2005) Ellen Kheel & Arnold S. Jacobs Fund (1998) King Family Fund (2000) Harold Thomas King Jr. & Lisbeth King Fund (1986) Kira Fund (1992) Joseph M. Kirchheimer Fund (1989) John H. Kirst Memorial Fund (1999) Kismet Fund (2005) Susan B. & Donald M. Kitchen Fund (1989) Casey Kizziah Fund (1994) Andrew Bradford Klein Fund (2001) John C. Klein Trust (1981) Sharon Klein Memorial Fund (2002) Ted Klein Fund (2000) Morris Kligman Memorial Fund (2000) Jane & Richard Koch Fund (1987) KOKORO Fund (2004) Korda Fund (1990) Dr. Joseph M. & Grace Koreen Micha Scholarship Fund, Israel (1986) William A. Koshland Fund (1987) John C. Koster Fund (2003) Patricia Berry Kozak Fund (2004) Kozukai Fund (2003) Henry Phillip Kraft Family Memorial Fund (1996) Kramer & Hallstein Charitable Fund (2007) Sydney & Marjory Krause Fund A (2004) Sydney & Marjory Krause Fund B (2003) Sydney & Marjory Krause Fund C (2003) Michael & Patricia Kraynak Fund (1986) Eileen S. Krill Fund (2007) Susan J. Kropf Fund (2002) Mark Krueger Charitable Fund (2004) Bernie & Lydia Kukoff Fund (2005) Wheaton B. Kunhardt Fund (1949) L Lachance Family Charitable Fund (2003) Benjamin V. & Linda L. Lambert Fund (1996) Lampe Family Fund (2005) Lamport Foundation Fund (1975) Landlocked Fund (1986) Allan Browning Lane Memorial Funds (1980) Lang Fund (1982) Langner Family Fund (2000) Catherine & Henry Lanier Family Fund (1998) Judith & Jean Lanier Fund (1986) Rose Kean Lansbury Fund (2000) May Seton Bayley Large Memorial (1928) William S. & Stanley S. Lasdon Fund (1984) David Lawrence Fund (2000) *Blanche E. Lawton Fund (2009) Le Veque Memorial Foundation (1948) Ledges Fund (1996) Lee Family Chinese Immigrant Education Fund (2001) Leede Family Fund (1996) Jeffrey R. & Joan Leeds Fund (2005) Howard Z. Leffel Fund (1970) Lefrak Fund (1999) Lehman Brothers Fund (1980) Lehman Brothers T. Christopher Pettit Memorial Scholarship Fund (2008) Delia & Artemio León Fund (1997) Frederick H. Leonhardt Fund (1979) Leonia High School Class of 1979 Entrepreneurship Scholarship Fund (2001) Reba Q. Lerch Fund (1971) Betty & John A. Levin Fund (1998) David P. & Peggy Levin Fund (1995) Dustin Levine Fund (2000) Ellen Levine Fund for Writers (2007) Robert & Patricia Levinson Fund (1985)

49

funds in 2009

50

Jacob Levy Fund (1990) Wadsworth Russell Lewis Trust Fund (1989) Carolyn & Edward Lewis Fund (2005) Henry & Janine Lichstein Family Fund (1992) Lichtenstein-Miller Fund (1994) Barbara & Richard Lieberman Fund (1979) Dawn Lille Dance Award Fund (1994) Robert & Maria Lin Fund (1992) Ken Lin Fund (2002) Linden Memorial Fund (1994) Adolf G. & Eloise Linden Scholarship Fund (1995) Alexander & Ella Lindey Fund (1991) Lindgren Family Fund (1999) George N. & Mary D. Lindsay Fund (1996) Linwood Fund (1983) Lion & Hare Fund (1970) Lannie S. & Howard A. Lipson Fund (2001) Literacy in Early Childhood Fund (2000) Edward H. Little Memorial Trust (1982) Royal Little Fund (1992) Nancy Liu Memorial Fund (1995) Livingston Fund (1995) Arthur L. Loeb Fund (1982) Frances L. Loeb Fund (1974) Loewenberg Foundation, Inc. Philanthropic Fund (1983) Wilhelm Loewenstein Memorial Fund (1940) Michael Lomax Memorial Fund (2001) Peter C. Lombardo MD Fund (2006) *Peter Lomonte Fund (2009) Jane P. Long Fund (1991) Longview Fund (1990) Elizabeth Meyer Lorentz Fund (2002) Los Altos Anonymous Fund (2001) Thomas H. Loughman Memorial Scholarship Fund (1978) Ellee J. Lovelace Fund (1970) Ruth Norden Lowe & Warner L. Lowe Memorial Fund (1990) Lowenstein Fund (2002) Rena M. Lucardi Fund (1997) Melvin Ludwig Memorial Fund (1993) *Edna Wells Luetz/Frederick Riedel Fund (2009) Judge J. Edward Lumbard U.S. Attorneys Fellowship Fund (1977) LW Fund (2006) Lynford Family Fund (1988) Amelia & George Lyons Memorial Fund (1994) M M & N Fund (2000) Clara L. Macbeth Funds (1977) Nancy G. & C. Richard MacGrath Fund (1996) Afifie & Richard Macksoud Foundation (1975) Lloyd F. MacMahon Fellowship Fund (1989) John D. Macomber Fund (1999) Camp Edith Macy Fund (1926) Edith Carpenter Macy Memorial Fund (1926) Wilson H. Madden, Jr. Fund (1993) Maginnis Family Fund (1994) Brian & Florence Mahony Fund (1997) Major Fund (1971) Maldonado Fund (2007) *Thomas G. Malone Donor Advised Fund (2009) Terry & Arielle Maltese Fund (1998) Jan W. Mares Fund (1978) Mark Family Fund (1986) Dora, Edythe K., & Sylvia Marks Family Fund (1999) Dorothy Marks Fund (1997) Royal S. Marks Foundation Fund (1992) Alison Billie Marks Memorial Fund (1993) Lory & Carol Marlantes Family Charitable Fund (2005) Marlin-van Stockum Fund (1995)

Alfred J. Marrow Fund (1974) Erika & Peter Marsh Charitable Fund (2008) Patricia T. Marshall Fund (1998) Suzette Brooks Masters & Seth J. Masters Fund (1999) Vincent James Mastronardi/Thomas J. Fahey Memorial Fund (1993) Margaret Mathews Fund (2001) MacDonald Mathey Fund (2001) Mathys Fund (2000) *Michael & Paula Maturo Family Fund (2009) Joyce Matz Fund (2006) Edward Maverick Fund (1963) Maxwell Family Fund (1991) Claudia Kress Mayberry Fund (2000) Jessica Kress Mayberry Fund (2000) Paul M. Mazur Fund (1945) Peter & Drusilla Mazur Fund (1975) McAfee Foundation Fund (2003) Sarah S. McAlpin Fund (1996) Townsend Martin McAlpin Fund (1983) Blanche & Edwin D. McArthur Fund (1999) McCaffrey Family Fund (1985) McClendon Fund (1999) Cyrus McCormick & Florence S. McCormick Memorial Fund (1995) Colonel & Mrs. Henry Bayard McCoy Memorial Fund (1957) Ruth McCreary Fund No. 1 (2001) Ruth McCreary Fund No. 2 (2001) Alonzo L. McDonald Family Fund (1983) Donald Wesley McDougall Memorial Fund (1991) John Todd McDowell Environmental Fund (2004) Michael R. McGarvey Fund (2001) Richard E. “Rusty� McGivney Memorial Fund (1999) John F. & Jean C. McIlwain Fund (1995) Mark McInerney Fund (1986) Dave McKennan Memorial Fund (2003) Isabel C. McKenzie Fund (1952) Janet H. McPherson Memorial Funds for Children (1984) Emily McIntyre Means Fund (1995) Kurt A. & Therese A. Melden Fund (2006) Melzer Fund (1994) Toni Mendez Fund (2003) Friedrike Merck Fund (2002) George W. Merck Fund (1987) John Merck Fund (1981) Helen Merrill Fund (1998) Ralph D. Mershon Trust (1953) LuEsther T. Mertz Fund (1995) LuEsther T. Mertz Advised Fund (1995) Merz Supplemental Fund (1986) Charles Merz & Evelyn Scott Merz Memorial Fund No. 1 (1984) Charles Merz & Evelyn Scott Merz Memorial Fund No. 2 (1984) Ruth W. Messinger Fund (1995) Sharon Metrick Memorial Fund (2001) Helen F. & Alfred S. Meyer Fund (2008) Michaels Fund (1979) Jeanne Michaud Gift (1964) Middle Road Fund (1983) Midnight Mission Fund (1974) Midtown Fund (1997) Gregory Millard Memorial Fund (1985) Earl Miller Fund (2006) M.J.H. Fund (1964) MLW Advised Fund (1998) Mobility Rehabilitation Fund (1964) Leo Model Fund (1988) Moles Scholarship Fund (1996) Molly & Carl Fund (2000) Monmouth Fund (1984)

Moore Family Fund (1994) Barbara F. & Richard W. Moore Fund (1997) Anne Moore & Arnold Lisio Fund (2008) Shirley I. Moore Fund (2002) Terence W. Moore Memorial Fund (2004) Deborah W. & Timothy P. Moore Fund (2007) Moosehead Fund (1996) Arthur G. Moraes Memorial Fund (1999) Marie Morgello Book Fund (1993) Jenny Morgenthau & Eugene R. Anderson Fund (1992) Morningside Retirement and Health Services, Inc. Fund (1993) Helene & Bruce Morrell Fund (1999) Morris Opportunity Fund (1976) Alice V. & Dave H. Morris Memorial (1958) Jennifer Emily Morris Memorial Fund (1985) Lawrence Morris Charitable Trust (1992) Robert C. Morris & Aline B. Morris Fund (1939) Ray Mortenson - Jean Wardle Fund (1996) George T. Mortimer Foundation (1970) Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer, P.C. Fund (2006) Moses Fund (1992) Hanna & Jeffrey Moskin Family Fund (1997) Sam & Fanny Moskowitz Fund (1986) James Mossman Fund (2000) Daniel Motulsky & Caitlin Pincus Fund (2006) Mount of Olives Fund (1989) Suzanne C. & Carl M. Mueller Charitable Fund (1999) Frieda Mueller Fund (1981) Joanna Mufson Memorial Trust Fund (1983) Mulber Fund (1947) Stephen Mulderry Memorial Fund (2001) T.F. Mulvoy Charitable Fund (2008) Alexandra Munroe Fund (2002) Munson Foundation (1978) Marjorie Oatman Munson Memorial Fund (1980) Thomas W. & Florence T. Murphy Fund (1984) Virginia Murphy Memorial Scholarship Fund (1954) William & Janice Murphy Charitable Fund (2003) Musical Arts Fund (1939) N Nager-Wentworth Fund (1993) Anni P. Nalbandian Memorial Scholarship Fund (1997) Nana & Annie’s Fund (1999) Murray L. & Belle C. Nathan Fund (1996) Walter W. Naumburg Memorial No. 1 (1960) Walter W. Naumburg Memorial No. 2 (1960) Navesink River Group Fund (2002) Gabe & Beth Nechamkin Fund (1997) Richard H. Needham Fund (1995) Ilse Nelson Fund (1986) Martin & Estelle Nelson Fund (1992) Ness Fund (1972) Neuberger Berman, LLC Fund (1997) Daniel Neubourg Fund (1999) Nicole & Mark Neuhaus Fund (2000) Never Done Fund (2005) New Lucien Fund (2007) New York City AIDS Fund (1988) New York Critical Needs Endowment (2004) New York Critical Needs Fund (1975) Friends of New York Downtown Hospital Health Sciences Scholarship (1996) New York Keller Family Fund (2004) New York Vietnam Veterans Memorial Fund (1983) Annalee Newman Fund (1998) Reverend & Mrs. R. Heber Newton Fund (2006) Hally & James Nicol Fund (1998) Herbert Nidenberg Scholarship Fund (1993) Nimble Waiter Fund (2004)

Nolan Family Fund (2005) Nollmann Fund (2004) Olivia Schieffelin Nordberg Fund (1996) Northcliff Philanthropic Fund (1979) Northwest Harbor Fund (2007) Adelaide Walker Nugent Fund (1974) NYC Workforce Development Fund (2001) O Lindsay & Terry O’Brien Fund (2002) Sheila J. O’Connell Advised Fund (1999) Sheila J. O’Connell Fund (2007) A.P.J. O’Connor Fund (1996) Robert K. & Jean O’Connor Fund (1979) Thomas & Maureen O’Connor Fund (2007) William B. O’Connor Fund (1996) Brian O’Kelley Charitable Fund (2007) *Charles R. O’Malley Fund (2009) Frederick J O’Meally Charitable Fund (2006) Oak & Acorn Fund (2000) Dennis Oakes & Debra Rahn-Oakes Fund (2006) Oasis Fund (1984) Octagon Fund (1978) Mary P. Oenslager Foundation Fund (1996) Abraham Oestreicher Fund (1972) John Ogden Memorial Fund (1986) Ogut-Cumbusyan Achievement Fund (2007) Florence C. Oliveira Memorial (1969) Olmezer Family Fund (1998) Olni Fund (1998) Jacqueline Kennedy Onassis High School Fund (1997) One Region Fund (2006) Open Door Fund (1996) Oppenheim Family Fund (2000) Martin & Suzi Oppenheimer Philanthropic Fund (1998) Origo-Levy Animal Care Fund (1993) Origo-Levy Child Welfare Fund (1993) Susan Orkin Fund (2005) Maxwell Orloff Fund (1998) Donald R. Osborn Fund (1986) Courtlandt Otis Fund (1973) Jeanne Marie Otter Scholarship Fund (1989) Outdoor Life Conservation Fund (1998) Overlook Fund (1971) Owen Fund (1986) P F. LeMoyne Page Memorial Fund (1977) Mary LeMoyne Page & Romaine LeMoyne Billings Memorial Fund (1980) Manfred Pakas Scholarship Fund (1981) Heidi Paoli Fund (1987) Katharine A. Park Funds for the Elderly (1982) William Hallock Park Research Fund (1976) Parkinson Fund (1995) Lorenzo & Isabelle Parsons Scholarship Fund (1998) Mary Sherman Parsons Fund (2005) Partridge Fund (1997) Patricof Family Foundation Fund (1979) Patrocinia Lu Charitable Fund (2008) Robert P. Patterson Memorial (1952) Oliver H. & Lola G. Payne Fund (1994) Pedowitz Family Fund (1999) *Peltier Fund (2009) Pennies from Heaven Fund (2001) Penobscot Fund (1993) Donald & Miriam Marya Perkins Charitable Fund (1989) *Perlman Philanthropy Fund (2009) Dorothy Perlow Fund (1996) Jacob Perlow Memorial Fund (1983) Irene Peron Fund (2000) Virginia & Jean R. Perrette Fund (1997)

51

funds in 2009

52

CB Perrette Fund (1999) Richard L. Perry Memorial (1935) Leonard L. Perskie Memorial Fund (1980) Petersmeyer Family Fund (1973) *Petersmeyer Fund (2009) *Susan Petersmeyer Fund (2009) Peter G. Peterson Fund (1977) Peter G. Peterson & Joan Ganz Cooney Fund (1980) Seymour & Beverly Peyser Fund (1986) Phil Fund (2001) Hal Philipps Fund (2003) Kenneth A. & Helen Clark Phillips Fund (1972) Charles M. Phinny Fund (1987) John P. Picone Charitable Foundation Fund (2004) Pilkington Family Fund (1996) *Donaldson C. Pillsbury Fund (2009) Marnie S. Pillsbury Fund (2006) Pilot House Fund (1985) Pine Cone Fund (2000) Pine Tree #2 Fund (2000) Pinkerton Trust (1979) Marietta C. Pino Memorial Fund (1982) Emanuel & Nora Piore Fund (2002) Emanuel & Nora Piore Memorial Fund (2002) John Polachek Fund (1958) Samuel S. & Anne H. Polk Charitable Fund (2000) Sam & Anne Polk Family Fund (2006) Maxwell A. Pollack Fund (1986) Leo L. Pollak Memorial Fund (1984) Helene Pomerantz Memorial Fund (1991) Katharine Sloan Pratt Fund (2002) Robert & Barbara Preiskel Memorial Fund (2002) President’s Fund (2004) Sidney S. Prince Trust (1964) Thomas Pringle Memorial/Samuel Pringle Fund (1957) Thomas Pringle Memorial/Margaret Pringle Fenton Fund (1957) Robert & Ilse Prosnitz Fund (1999) Publishing Triangle Literary Fund (2004) Valerie & Michael A. Puglisi Fund (2003) Pyewacket Fund (1997) Q Q Fund (1996) Quasha Family Fund (1995) Queens College Speech and Hearing Center Fund (1999) Alan G. Quitko Fund (1997) R RAB Fund (1975) Radin Family Fund (2005) R.A. Radley Fund (1994) Ragin Family Fund (2002) Raiziss/de Palchi Translation Award Fund (1994) Neera & Deepak Raj Fund (2007) Calvin Ramsey Scholarship Fund (2003) Addison C. Rand Fund (1940) Lynne S. Randall Charitable Fund (2005) Ralph J. Rangel Fund (1989) Rankin-Smith Fund (1985) Anthony E. & Josephine C. Rapp Fund (1996) * Katharine Rayner Fund for the New York Public Library (2009) Reach Fund (2007) Jeanne & Norman Reader Better English Award Fund (1997) Susan Cohen Rebell Fund (1998) Rebold Family Fund (2000) Red Dog Hill Fund (2004) Redstone Fund (1997) Philip D. Reed Fund (1996) Thomas D. & Natalie B. Rees Family Fund (1996)

Joseph E. Reich Fund (1986) Henry H. Reichhold Scholarship Fund (1968) Reid Family Charitable Fund (2007) Cordelia & David Reimers Fund (2002) Rudyard & Emanuella Reimss Memorial Fund (2001) Reingold Family Fund (2000) Jerilyn Hayes Reiter Memorial Scholarship Fund (2001) Rembrandt Fund (1977) Eugene H. & Patricia C. Remmer Fund (1986) *Remo Fund (2009) Karl F. Reuling Fund (1993) Reynwood Fund (1986) R. Rheinstein Fund (1999) Audrey Rheinstrom & Anne Blevins Fund (2003) Rhodebeck Central Park Conservancy Fund (1999) Rhodebeck Charitable Fund (2004) Rhodebeck Fund for the Elderly (1989) Rhodebeck Fund for the Homeless (1989) Rhodebeck Prospect Park Fund (2005) Rhodebeck Fund for St. George’s Society of New York (2001) Grantland Rice Fellowship Fund (1951) Marion & George Riley Fund (1968) Rinaker Family Fund (1983) Henry P. Riordan Fund (1990) James & Gloria Riordan Fund (1983) Jordan Carlson Riordan & James Quentin Riordan III Memorial Fund (2003) Rippe Family Fund (2001) Virginia S. Risley Family Fund (1995) Virginia S. Risley Fund (2004) Rita Fund (2008) Kimberly Ritrievi Fund (2004) RME Fund (2007) Emilie D. Robb Fund (1938) Patricia & Yves Robert Fund (1998) Roberts Family Fund (1999) Linda Roberts Fund (2004) Robinson-Morrill Fund (1992) Barbara Paul Robinson & Charles Raskob Robinson Fund (1996) Marguerite P. Roche Fund (1972) Laura Spelman Rockefeller Memorial Fund (1928) Mary French Rockefeller Fund (2000) Rogers Family Fund (1995) Sarah & Harry Rogers Fund (1994) Dr. Joseph Richard Rongetti Scholarship Fund (1996) Hugh & Katherine Roome Charitable Fund (2003) Curtis Roosevelt Fund (1989) Jonathan F.P. Rose & Diana Calthorpe Rose Fund (1996) Richard Rose Fund (1981) Rose/Margulies Fund (1997) Jack & Mae Rosenberg Fund (1997) Rosenfeld Family Fund (1986) June S. Rosenfeld Memorial Fund (1989) Susan Rosenfeld Fund (1998) John P. Rosenthal Fund (1973) *Rosenthal-Schneier Fund (2009) Ida Ross Memorial Fund (1986) Lila & Arnold S. Ross Charitable Fund (2000) Rossetti Family Fund (2001) Clara Lewisohn Rossin Trust (1949) Robert & Amy Rothman Family Fund (2007) Edmond de Rothschild Fund (2000) Lynn Forester de Rothschild Fund (2002) Roxbury Fund (1997) RSVP—For The Children Fund (2006) Paul & Pam Rubin Family Fund (2007) Lisa Cordell Rubin Fund (1995) Samuel N. & Charlotte Rubin Fund (1996) Frederic A. & Susan A. Rubinstein Fund (1986) Harry J. Rudick Fund (1988)

Rue de Reves Fund (1987) G & M Rufrano Fund (2007) Thomas Ruotolo Scholarship Fund (1985) William D. Russell Fund (1971) Rx Foundation Fund (2006) Rye Scholarship Fund (1977) S Myrten G. & Lillian V. Saake Memorial Fund (1994) Daniel Saccomanno Fund (1996) Bonnie & Peter Sacerdote Family Fund (1975) Samuel Sacks Funds (1970) Safer-Fearer Fund (1998) Nola J. Safro Fund (2006) Dr. Abraham & Shirley Saifer Fund (1992) St. Christopher’s School Fund (1974) Herbert & Nancy Salkin Fund (1975) David G. Salten Fund (2007) Samaratrophia Fund (1995) Nathan & Nancy Sambul Fund (1997) Stacey Sanders Fund (2001) Sarah A. Sanford Fund (1949) Linda U. Sanger Charitable Fund (1999) Louis & Carolyn Sapir Family Fund (1998) Michael Sasse Charitable Fund (2001) James & Sarah Scanlon Fund (2003) Brigitte Holmen Schattenfield Family Fund (2002) Dossie Schattman Fund (2007) Marielle J. Scheff Fund (2002) Robert & Mae Scheff Fund (2007) Scheide Fund (1971) Schein Family Memorial Fund (1987) Henry Schein Inc., Company Fund (2003) Jacob H. Schiff Memorial (1924) Jacqueline Schiller Fund (1998) Max G. Schlapp Mental Hygiene Fund (1979) Schlegel Family Fund (2005) Shain Schley Fund (1999) Grace & Edith Schneider Memorial Fund (1949) Schneiderman Family Fund (1994) Anna E. Schoen-Rene Fund (1942) * Frederick K. Schoff & Maureen A. Mackey Charitable Gift Fund (2009) Scholarships For Kids Fund (1993) School Fund (2007) Lillian Schulman Memorial Fund (2007) Anthony & Elizabeth Schulte Fund (1997) John W. Schulz Memorial Fund (2000) Alan D. Schwartz Family Fund (2000) Stephen A. Schwarzman Fund (1999) Robert J. Schweich Fund (1981) Alfred H. Schwendtner Fund (1996) Sandra Scime Charitable Fund (2007) Walter D. Scott Fund (1985) Gail Aidinoff Scovell & Edward P. Scovell Fund (1986) Sea Cliff Fund (1986) Seal Point Foundation (1966) Sealion Charitable Fund (1998) Eleanor T. Seidel Memorial Fund (1984) Selby/Vail Fund (2001) *Selig Family Fund (2009) Mamie Seller Memorial Fund (1978) Jerome & Joan Serchuck Fund (1971) Alfred M. Serex Fund (1999) J. Walter & Helen C. Severinghaus Fund (1988) William H. Seward, Jr. Fund (1962) Sewell Fund (2007) Shah-Domenicali Family Fund (2005) Harris Shapiro Fund (1996) Shaw Foundation Fund (1964) Shearman & Sterling Fund (1999) Sheinberg Family Fund (1996)

*Serena Fairchild Sheldon Fund (2009) Annette & William Sherman Fund (1999) Lola J. Sherman Fund (1937) Fannie Sherr Fund (2006) Jack & Dorothy Shulman Memorial Fund (1984) Anne P. & Constantine Sidamon-Eristoff Fund (2007) Catherine & Andrew Sidamon-Eristoff Family Fund (2003) Elizabeth Sidamon-Eristoff Fund (2003) Simon Sidamon-Eristoff Fund (2003) Siebert Family Fund (2001) Shari Siegel Fund (2007) Jayne M. Silberman Fund (1986) Lois & Samuel Silberman Building Fund (1992) Lois & Samuel Silberman Charitable Fund (1993) Lois & Samuel Silberman Grant Fund (1992) Ruth & Marvin Silberman Memorial Fund (1967) Al & Rosa Silverman Fund (1994) Alan Silverman Charitable Fund (2004) Lynn Silverman Family Fund (2006) Marty & Dorothy Silverman Fund (2001) Silverstein Family Fund (2007) Arlene B. Simon Fund (1986) Suzanne Cohn Simon Fund (2003) *Robert M. Sims/Robert L. Albright Fund (2009) Simpson Thacher & Bartlett Fund (1995) Cecile Singer Fund (2000) Stephen Sirkin Memorial Fund (1984) Skilen Fund (1996) Skipjack Fund (2006) Randy Slifka Philanthropic Fund (2006) Deborah A. Smith Fund (1986) Jacqueline & Albert Smith Fund (1993) Richard L. Snyder Fund (1991) Laura Solinger Fund (1993) L. & S. Soll Fund (1998) David & Nancy Solomon Fund (2000) Hannah Fox Solomon Fund (2002) Solow Foundation Philanthropic Fund (1988) Abe, Lena & Irin Soskis Memorial Fund (1984) Abe, Lena & Irin Soskis Memorial Fund No. 2 (1985) Fernando Soto, Jr. Fund (2000) Alireza Soudavar Fund (1986) Mammadi Soudavar Memorial Fellowship Fund (1982) Patricia & Michael Sovern Fund (2003) Rose M. Soybel Rose Garden Fund (1997) Carol & Charles Spaeth Memorial Fund (1986) Special Fund No. 11 (1968) Special Fund No. 14 (1950) Special Fund No. 20 (1962) Tivy Spence Achievement Fund (1999) Arthur L. Spencer Memorial Scholarship Fund (2002) Sperry Van Ness/Joe French Endowment Fund (2004) Marion R. Spinnler Education Fund (1970) Spurlino Family Fund (2006) Squadron A Fund (1983) Nicholas Warren Squires Family Fund (1991) Stack Family Fund (1994) Stadler Fund (1997) Ilma Stafford-Greene Fund (1977) Alma Timolat Stanley Fund (1987) Staples Family Fund (2008) Stars & Stripes Fund (1988) Betty J. Stebman Fund (2003) *Ellen & David Stein Fund (2009) Steinberg Charitable Fund (2005) Albert & Marie Steinert Fund (1991) Stemland Family Fund (1991) Stephens Bequest (1942) Sterling Fund (1985) Douglas Stern Philanthropic Fund (2007) Henry J. Stern & Robert F. Wagner, Jr. Fund (1982)

53

funds in 2009

Ettie Stettheimer Memorial Fund (1961) Gertrude Stewart Memorial Scholarship Fund (1971) Kate H. Stiassni Fund (1999) Stonehome Fund (1956) *Samantha Fairchild Storkerson Fund (2009) Edward K. Straus Fund (1951) Stronach-Buschel Fund (1995) Stroock Spirit of New York Fund (2001) Carole Stupell Travel Award Program (2003) *Sunlight Fund (2009) Billy Sunshine Memorial Scholarship Fund (1985) Surrogate’s Court Fund (1991) Robert J. Suslow Fund (1998) Kelso F. & Joanna L. Sutton Fund (1998) John & Mary Suydam Family Fund (2007) R. Swayze Gay & Lesbian Youth Fund (1996) John & Devereux Swing Philanthropy Fund (1998)

54

T Hazaros Tabakoglu Scholarship Fund (1994) Robert A. Taft Institute of Government Trust (1969) Peter Talbert Charity Fund (1999) W. Pike Talbert Charitable Fund (1986) *Nancy & Jay Talbot Fund (2009) James Talcott Fund (1974) Helen S. Tanenbaum Award Fund (2004) Helen S. Tanenbaum Fund (1954) Nicki & Harold Tanner Fund (2001) Rachel Tanur Memorial Fund (2002) Dave Taylor Memorial Fund (1995) William J. Taylor Fund (1939) TechnoServe Fund (1993) *B. & U. Tenny Fund (2009) William Clark Terry Scholarship Fund (1983) Ethel & Dominick Tesoriero Charitable Fund (2005) Thackeray Fund (2005) Third Millennium Fund (1973) Thomas COPD Fund (1996) Thomas Fund (1995) Marvin & Doris Thomas Fund (1996) Grandchildren of Fred & Florence Thomases Fund (1999) Suzanne Thompson Fund (2007) Judith Dana Thorne Fund (1990) Nathan C. & Margaret Y. Thorne Fund (2004) Nathan & Nicholas Thorne Fund (2003) Olaf J. & Margaret L. Thorp Fund (1987) 316th Association Memorial Fund (1994) 316th Infantry Monument Fund (1969) Three Ninety Fund (1972) Nancy H. Tilghman Fund (1999) Jane M. Timken Charitable Fund (1987) Tisser Family Fund (1998) Tobacco Pink Fund (1977) Carol H. Tolan Fund (1997) Nathaniel & Sarah Tooker Fund (1972) Tor Family Fund (1999) Arnold & Caren Toren Fund (2004) Raymond & Beverly Tower Fund (1997) Town Hill School Fund (1993) Tozer Family Fund (1987) Traer Fund (1976) Charles Welford Travis Trust (1981) Joseph Michael Tremarco Memorial Fund (2007) Trevor Fund (1986) Harry D. Triantafillu Fund (1986) Trinity Chapel Home Fund (1960) Tripod Fund (1979) Jean L. & Raymond S. Troubh Family Fund (1998) John B. & Louisa S. Troubh Fund (1993) Elizabeth D. Trussell Fund (2005) Turanski Family Compassionate Acceptance Fund (2004) Turner Fund (1999)

Christopher Turner & Tracy Turner Charitable Fund (2005) Paul N. Turner Bequest (1960) Charles P. Twichell Fund (1995) 2005 Charitable Trust Fund (2005) 2007 Charitable Trust Fund (2007) U Beth M. Uffner Arts Fund (1998) *Umbrella Fund (2009) Don & Patricia Underwood Fund (2003) Up-town Fund (2008) United Way Human Care Fund (1984) V Vacolo Fund (2000) Gilad Vaday Fund (2000) Anne van Biema Fund (1996) van Hengel Family Fund (1980) Edward & Sally Van Lier Fund (1988) Lottie Grace Vanderveer Fund (2003) Lottie Grace Vanderveer Fund for Saranac Lake High School (2003) Nancy Veith Fund (2003) Nicholas M. & Susan J. Verrastro Memorial Scholarship Fund (1998) Rudolf & Anna Marie Vetter Memorial Fund (1977) R.G. Viault Family Fund (1999) Viburnum Trilobum Fund (2003) Anna Glen Butler Vietor Memorial Fund (2005) John L. Vigorita, M.D. Memorial Fund (1991) Vinmont Fund (2006) Vital Projects Fund (1977) Vo Van Jacques & Thai Thi Tam Memorial Fund (2004) David & Johanna Voell Family Fund (2001) Gregory & Elyzabeth Voell Family Fund (2001) Jeffrey & Stephanie Voell Family Fund (2001) Richard & Virginia Voell Family Fund (1986) Vogel Family Charitable Fund (2006) Hans A. Vogelstein Memorial Scholarship Fund (1982) Mrs. Claus von Bulow Fund (1971) Enders M. Voorhees Fund (1973) W Michael & Marcy Wade Family Fund (2006) Marian Marcus Wahl Memorial Fund (1985) Walker Fund (2003) Bayard Walker, Jr. Charitable Fund (2003) Christina Walker Fund (2003) Julia & Carter Walker Fund (1997) Walker-Pratt Family Fund (2003) J. Miller Walker Fund (2005) DeWitt Wallace Fund for Youth (1982) Frederick J. & Theresa Dow Wallace Fund (1977) Lila Acheson Wallace Fund for the Arts (1984) Wallace Special Projects Fund (1991) Theresa Dow Wallace Scholarship Fund (1975) Waller-Davidson Fund (1980) Anthony W. & Lulu C. Wang Fund (1996) N.T. & Mabel Wang Charitable Fund (2004) Moritz & Charlotte Warburg Memorial (1925) Elizabeth & Andrew Ward Charitable Fund (2006) David Warfield Funds (1951) David & Mary Warfield Funds (1973) Mary Warfield Fund (1971) Bradford A. & Nancy H. Warner Fund (1985) Watcha Fund (1988) Wattles Family Charitable Trust Fund (1981) Alice W. Wattles Fund (1974) James Howard Wattles Fund (1947) Samuel Hughes Watts Memorial Fund (1973) Weatherhead Foundation Fund (2007)

Damon Weber Fund (2005) Weigel Family Fund (1999) Karl & Vally Weigl Fund (1980) Alex E. Weinberg Fund (2007) John L. Weinberg Family Fund (2003) Edna & Frederick Weingarten Fund (1984) Seymour & Kathleen Weingarten Fund (2005) Seymour & Rose Weinstock Fund (1999) Weintz Family Foundation (1981) Weintz Family Fund (1995) Mabel W. Weir Trust (1978) Nathan H. Weiss Memorial Fund (1999) Rebecca & Nathan Weiss Fund (1997) WellMet Group Fund (1999) William E. Welsh Jr. Family Fund (1978) West End Road Fund (1988) Herbert B. West Fund (1989) Wheeler Fund (1992) Betty Wheeler Fund (1991) Letitia M. Whipp Memorial Fund (1972) Bill Whitehead Award Fund (1993) Edward B. Whitney Fund (1986) Frederic J. Whiton Fund (1960) Wiccopee Fund (1986) Mary L. Wiener/Sanford M. Cohen Fund (1986) Carleton Wiggins & Donald Bain Trust (1982) Donna Bain Wiggins Trust (1982) Robert O. Wilder Fund (1989) Mason Wiley Memorial Fund (1995) Cynthia & Alan Wilkinson Fund (2003) Henry K. S. Williams Trust No. 1 (1944) Henry K. S. Williams Trust No. 2 (1944) Mildred Anna Williams Fund (1940) Oscar Williams & Gene Derwood Fund (1971) Robert I. Williams Fund (1996) Sarah Williams & Andrew Kimball Fund (1999) Bruce R. Williamson Fund (1998) Douglas Williamson Fund (1997) Willkie Farr & Gallagher Fund (1984) Sam Wilner Fund (1997) John H. T. Wilson Fund (1988) William Ross Reid Wilson Memorial Fund (1991) Wilton-Risdon Fund (1994) Wiltwyck School Fund (1988) Wind Down Fund (1989) Windie Knowe Fund (2003) Windsor Fund (1977) Jay Winston Scholarship Fund (1997) John Winston Fund (1999) Winterer Fund (1986) Winthrop Family in America Fund for Groton Church (1982) John Winthrop Fund (1970) Margaret S. Winthrop Fund (1972) Leone Scott Wise Fund (1986) Witches’ Fund (1998) Witkin Family Fund (1988) Kate & Richard Witkin Family Fund (1988) Joanne Witty & Eugene Keilin Fund (1986) C. Theodore Wolf & Francis X. Decolator II Fund (1996) Wolfe/Inadomi Fund (2007) Ross Wollen Charitable Fund (1997) Women First Fund (2007) Wood Thrush Fund (2004) World Trade Center Hoboken Memorial Scholarship Fund (2002) World-Wide Fund (2002) World-Wide Holdings, Inc. Fund (2002) Clara Kennon Worley Fund (1973) Worth Fund (1992) Wray Family Fund (1986) *Wrede Fund (2009)

Thomas & Maureen Wright Family Fund (2005) Seymour B. Wurzler Bequest (1963) Y J. Ernest Grant Yalden Memorial Fund (1956) Yamin Family Fund (1994) Yancey Family Fund (1986) Yaseen Lectures on the Fine Arts (1971) Millicent B. Yinkey Fund (2007) Samuel McC. & Lizora M. Yonce Fund (1986) Nancy Young & Paul B. Ford, Jr. Fund (1986) Thomas & Elsie Young Fund (2000) H. R. Young & Betty G. Young Fund (1980) Stephane Yulita Children’s Fund (1989) Stephane Yulita & Inge Kadon Fund (2000) Z Judith & Stanley Zabar Fund (1993) John & Catherine Zacharias Family Fund (2003) Eileen E. Zaglin Scholarship Fund (1993) Steve Zang Fund (1999) *Zarin Family Fund (2009) Ziano Fund (2007) Zimmerman Family Fund (2002) Joel Zimmerman Fund (1996) Zofnass/Ring Family Fund (1991) ZPM Fund (1986)

55

The

grants in 2009

56

$20,000 or more. Included in the list are grantees Organizations are in New York unless otherwise indicated.

organizations listed below received grants of

recommended by advisors to individual funds.

A AASHA Foundation (Nev.), $25,000 Abilities, $22,800 Abyssinian Development Corporation, $65,000 Academy of American Poets, $21,000 Academy of Mount Saint Ursula, $62,300 ACCION New York, $52,500 Ackerman Institute for the Family, $20,250 Action Against Hunger - USA, $20,000 Adelphi University, $46,500 Adhikaar for Human Rights and Social Justice, $20,000 Adirondack Historical Association, $21,750 Adventure Unlimited (Colo.), $125,000 Advocates for Children of New York, $276,700 African-American Media Network, $40,000 African Leadership Foundation, $25,000 African Refuge, $20,000 African Services Committee, $75,000 AFS-USA, $277,000 After Hours Project, $40,000 Aid for AIDS International, $25,000 Alvin Ailey Dance Foundation, $81,752 Alliance for Cancer Gene Therapy (Conn.), $20,000 Alliance for Climate Protection (D.C.), $400,000 Alliance for Quality Education, $250,000 Alliance for Young Artists and Writers, $20,000 Alzheimer’s Disease and Related Disorders Association (Ill.), $28,510 American Bird Conservancy (Va.), $61,000 American Cancer Society/Eastern Division, $36,010 American Civil Liberties Union Foundation, $53,900 American Composers Orchestra, $30,000 American Diabetes Association, Washington D.C. Affiliate, $25,000 American Farmland Trust (D.C.), $24,236 American Foundation for the Paris School of Economics, $30,000 American Friends of the Hebrew University, $58,770 American Friends of Meir Medical Center (Fla.), $25,000 American Friends Service Committee (Pa.), $39,500 American Friends of Tel Aviv University, $50,000 American Heart Association, Founders Affiliate, $286,140 American Heart Association, Westchester/Putnam Region, $25,480 American Ireland Fund (Mass.), $22,900 American-Italian Cancer Foundation, $76,000 American Jewish Committee, $198,900 American Jewish World Service, $56,150 American Museum of Natural History, $357,300 American Red Cross in Greater New York, $197,000 American Rivers (D.C.), $50,000 American Society for the Prevention of Cruelty to Animals, $121,200 American Textile History Museum (Mass.), $100,000 American University (D.C.), $25,000 American University in Cairo, $125,000 Americans for Campaign Reform (N.H.), $45,000 Americans for UNFPA, $23,000 Amigos del Museo del Barrio, $35,000 Anderson Educational Foundation, $40,000 Andrews Osborne Academy (Ohio), $50,000 Julia Dyckman Andrus Memorial, $30,000 Animal Medical Center, $26,550 Anti-Defamation League of B’nai B’rith, $57,850 Appalachian Community Fund (Tenn.), $190,000 Appeal of Conscience Foundation, $50,000 Arab-American Family Support Center, $40,000

specifically

Archdiocese of New York, $47,850 Armory Foundation, $35,250 Army Distaff Foundation/Knollwood (D.C.), $35,000 A.R.T. (N.J.), $50,000 Arthritis Foundation, New York Chapter, $51,000 Arts Council of Princeton (N.J.), $250,000 Arthur Ashe Institute for Urban Health, $50,000 Asia Society, $44,000 Asian American Coalition for Children and Families, $36,000 Asian & Pacific Islander Coalition on HIV/AIDS, $40,000 Aspen Institute (D.C.), $107,500 Association of the Bar of the City of New York Fund, $175,500 Association for Neighborhood & Housing Development, $50,000 B Ballet Theatre Foundation, $172,900 Bank Street College of Education, $151,750 Barium Springs Home for Children (N.C.), $58,160 Barnard College, $43,500 Barrow Group, $75,000 F. D. Barstow Memorial School (Vt.), $25,000 Baruch College Fund, $227,320 Battery Conservancy, $22,450 Bay Shore Schools Arts Education Fund, $25,000 Vivian Beaumont Theater/Lincoln Center Theater, $34,500 Beaver Country Day School (Mass.), $30,000 Becket Athenaeum (Mass.), $50,000 Bedford Village Elementary School, $20,106 Beit Shalom, $20,000 Bellevue Hospital Center, $40,000 Bellport Hagerman East Patchogue Alliance, $32,500 Berkeley Carroll School, $28,500 Berwick Academy (Maine), $75,000 Bhutan Foundation (D.C.), $75,000 Big Apple Circus, $29,750 Big Brothers Big Sisters of New York City, $102,900 Bill T. Jones/Arnie Zane Dance Company, $90,000 Binghamton University Foundation, $52,500 Birch Family Services, $35,000 BoardSource (D.C.), $20,000 Boca Grande Women’s Club (Fla.), $20,000 Boston College, $30,425 Boston Foundation, $25,000 Boston University, $53,250 Bowdoin College (Maine), $38,000 Boy Scouts of America, Greater New York Councils, $120,050 Boys’ Club of New York, $156,200 Brearley School, $45,150 Breast Cancer Fund (Calif.), $103,000 Brick Presbyterian Church, $78,250 Bridge Foundation (Conn.), $20,000 Bridge Fund of New York, $1,026,000 Bridge Fund of Westchester, $72,000 Bridgehampton Child Care and Recreational Center, $30,500 Brigham and Women’s Hospital (Mass.), $75,500 Broad Institute (Mass.), $80,000 Broadway Housing Communities, $50,250 Bronx Defenders, $45,000 Bronx Museum of the Arts, $30,000 Bronx River Alliance, $50,000 BronxWorks, $85,250 Brooklyn Academy of Music, $58,300

Brooklyn Arts Council, $80,000 Brooklyn Botanic Garden Corporation, $26,250 Brooklyn Charter School, $50,000 Brooklyn Childcare Collective, $30,000 Brooklyn Children’s Museum Corporation, $20,300 Brooklyn College Foundation, $28,000 Brooklyn Law School, $35,500 Brooklyn Museum, $223,920 Brooklyn Rescue Mission, $20,000 Brooks School (Mass.), $156,250 Brown University (R.I.), $572,250 Bryant University (R.I.), $101,250 Bryn Mawr College (Pa.), $39,000 Buckley School, $51,750 Bucknell University (Pa.), $59,800 Winifred Masterson Burke Rehabilitation Hospital, $25,000 Business Executives for National Security (D.C.), $25,000 C Camera Club of New York, $30,000 Camp DeWolfe, $20,000 Campaign for Fiscal Equity, $95,000 Campaign for Tobacco Free Kids (D.C.), $20,000 Cancer Care, $860,350 Cancer Research Institute, $36,000 Cancer Support Team, $30,250 Canine Companions for Independence (Calif.), $116,475 Caramoor Center for Music and the Arts, $65,050 Cardinal’s Appeal, $45,000 Care for the Homeless, $30,000 CARE USA Northeast Region, $31,030 Caribbean Women’s Health Association, $50,000 Carnegie Hall Society, $45,000 Carnegie Mellon University (Pa.), $74,200 Cary Institute of Ecosystem Studies, $26,000 CAST Resources (Mass.), $400,000 Catholic Charities Community Services, Archdiocese of New York, $39,670 Catholic Relief Services of the U.S. Catholic Conference (Md.), $59,740 Catholic Schools Foundation (Mass.), $50,000 Cause Effective, $103,110 CEC Stuyvesant Cove, $100,000 Cedars of Marin (Calif.), $100,000 Center for Arts Education, $105,800 Center for Book Arts, $41,000 Center on Budget and Policy Priorities (D.C.), $50,000 Center for Community Change (D.C.), $25,000 Center for Restorative Practices, $20,000 Center for Health, Environment and Justice (Va.), $80,000 Center for International Environmental Law (D.C.), $75,000 Center for Khmer Studies, $25,000 Center for a New American Security (D.C.), $675,600 Center for Reproductive Rights, $61,000 Center for Resource Solutions (Calif.), $75,000 Center for Strategic and International Studies (D.C.), $50,000 Central American Refugee Center—CARECEN NY, $26,900 Central Bellport Civic Association, $20,000 Central Park Conservancy, $434,365 Central Synagogue, $22,310 Centurion Ministries (N.J.), $275,000 Century Foundation, $300,000 Cerebral Palsy International Research Foundation (D.C.), $50,000 Chabad of Port Washington, $28,360

Chamber Music Society of Lincoln Center, $23,000 Chapin School, $37,050 Chatham United Methodist Church (N.J.), $34,000 Chess-in-the-Schools, $58,500 Chhaya Community Development Corporation, $47,500 Chicago Hope Academy, $50,000 Child Care Council of Westchester, $20,000 Children, Incorporated (Va.), $22,186 Children’s Environmental Health Center of the Hudson Valley, $30,000 Children’s Aid Society, $131,570 Children’s Defense Fund (D.C.), $51,250 Children’s Foundation of Memphis (Tenn.), $58,160 Children’s Hospital Foundation at Westchester Medical Center, $25,000 Children’s Museum of New Hampshire, $20,000 Children’s Storefront, $62,500 Children’s Village, $31,000 Chinese People Progressive Association (Mass.), $20,000 Chinese Staff and Workers’ Association, $35,000 Palmer R. Chitester Fund (Pa.), $200,000 Choate Rosemary Hall (Conn.), $126,500 Christodora, $85,500 Christ’s Church of Rye, $31,000 Church of the Heavenly Rest, $50,700 Church of St. Paul and St. Andrew, $25,000 Citizens’ Committee for Children of New York, $62,950 Citizens Committee for New York City, $138,000 Citizens Union Foundation of the City of New York, $125,500 City College of CUNY, $27,684 City Harvest, $370,000 City Parks Foundation, $26,000 City Seminary of New York, $126,000 City University of New York, $585,000 City University of New York Graduate School of Journalism, $25,000 Citymeals-On-Wheels, $557,052 Civil War Preservation Trust (D.C.), $127,000 Clarkson University, $50,000 Classical Theatre of Harlem, $35,000 Cleveland Clinic Foundation (Ohio), $150,000 William J. Clinton Presidential Foundation (Ark.), $25,000 Coalition Against Child Abuse & Neglect, $22,500 Coalition for Medically Fragile Children, $50,000 Coalition for the Homeless, $116,700 Coalition to Restore Coastal Louisiana, $67,000 Cold Spring Harbor Laboratory, $68,430 Colgate University, $25,000 College Foundation of the University of Virginia, $22,800 College Summit (D.C.), $21,500 College of William & Mary (Va.), $25,000 Collegiate School, $122,330 Columbia University, $381,550 Columbia University, College of Physicians and Surgeons, $322,240 Columbia University, Graduate School of Journalism, $58,880 Columbia University, School of Nursing, $21,000 Coming Clean Collaborative (Ky.), $75,000 Committee for Economic Development (D.C.), $56,000 Common Cents New York, $25,500 Common Good Institute, $25,250 Common Ground Community Housing Development Fund Corporation, $43,000 Community Health Action of Staten Island, $55,000 Community Health Project, $55,000 Community League of the Heights, $40,000 Community of the Cross Ministries (Conn.), $78,000

57

grants in 2009

58

Community Resource Exchange, $707,500 Community Service Society of New York, $125,000 Community Training and Assistance Center (Mass.), $195,000 Comunilife, $100,000 Concern Worldwide U.S., $26,000 Concert Artists Guild, $50,126 Concord Coalition Corp. (Va.), $110,300 Congregation Emanu-El of the City of New York, $32,133 Congregation Rodeph Sholom, $34,000 Congregations Linked in Urban Strategy to Effect Renewal, $76,000 Connecticut College, $22,500 Connecticut Fund for the Environment, $51,000 Cardinal Cooke Guild, $35,000 Cooper Square Community Development Committee & Businessmen’s Association, $40,000 Cooper Union for the Advancement of Science and Art, $44,900 Cornell University, $133,108 Joan and Sanford I. Weill Medical College of Cornell University, $587,430 Corporate Council on Africa (D.C.), $25,000 Correctional Association of New York, $59,000 Council on Foreign Relations, $6,544,485 Council on Foundations (Va.), $49,700 Council of Peoples Organization, $40,000 Council on the Arts and Humanities for Staten Island, $40,000 Council for Secular Humanism, $45,250 Court Appointed Special Advocates, $54,000 Covenant House New York, $114,800 Crossnore School (N.C.), $58,160 Cunningham Dance Foundation, $36,000 Cystic Fibrosis Foundation (Md.), $21,750 Cystic Fibrosis Foundation, Greater New York Chapter, $54,900 D Dalton School, $193,450 Dance/USA (D.C.), $25,000 Danspace Project, $95,000 Dartmouth College (N.H.), $198,800 Deerfield Academy (Mass.), $68,250 Dikembe Mutombo Foundation (Ga.), $50,000 Diocese of Long Island, $25,000 Disabled Veterans’ LIFE Memorial Foundation (Fla.), $50,000 Doctors Without Borders U.S.A., $170,528 Domestic Workers United, $20,000 Dominican Sisters Family Health Service, $20,000 DonorsChoose, $36,463 Frederick Douglass Academy, $27,000 Frederick Douglass Academy V, $27,500 Drisha Institute for Jewish Education, $20,000 Drug Policy Alliance, $25,500 Drum Major Institute, $20,000 Duke University (N.C.), $20,812 Dvorak American Heritage Association, $30,000 Dwa Fanm, $40,000 Dwight-Englewood School (N.J.), $20,000 Dwight School Foundation, $51,000 E E. Monte Motion, $80,000 Early Years Institute, $20,100 East Harlem Tutorial Program, $21,700 Eastern Farm Workers Association, $21,000 Ecclesia Ministries (Mass.), $25,500 Educational Broadcasting Corporation/Channel 13, $316,160

Albert Einstein College of Medicine of Yeshiva University, $119,750 El Puente de Williamsburg, $45,000 Elmira College, $41,150 Emelin Theatre for the Performing Arts, $55,000 Empire Justice Center, $22,500 Empire State Future, $75,000 Endowment for Inner-City Education, $25,000 Ensemble Studio Theatre, $96,000 Martha Entenmann Tinnitus Research Center (Vt.), $75,000 Environment America Research and Policy Center (D.C.), $100,000 Environment Northeast (Maine), $100,000 Environmental Advocates of New York, $62,500 Environmental Defense, $30,500 Environmental Health Fund (Mass.), $475,000 ERASE Racism, $115,100 Erasmus Neighborhood Federation, $40,000 Esperanza del Barrio, $20,000 Ethical Culture Fieldston School, $29,325 Everybody Wins Foundation, $25,500 Eviction Intervention Services, $41,750 Executive Leadership Institute, $50,000 Exodus School, $61,500 Exodus Transitional Community, $395,350 Exponents, $80,000 F Facing History and Ourselves National Foundation (Mass.), $25,250 Family Centers (Conn.), $36,000 Family and Children’s Association, $101,000 Family ReEntry (Conn.), $20,000 Family Service League of Suffolk County, $93,800 Family Services of Westchester, $65,300 Farms for City Kids Foundation, $252,500 Federation of Protestant Welfare Agencies, $40,000 Fifth Avenue Committee, $55,500 Fiji Theater Company, $75,000 Fiscal Policy Institute, $65,000 Fitzie Foundation (Mass.), $22,500 Five Towns Community Center, $35,000 Folksbiene Yiddish Theatre, $30,500 Food Bank for New York City, Food for Survival, $1,531,150 Food Bank for Westchester, $89,250 Fordham University, $157,850 Fortune Society, $84,260 47 Palmer (Mass.), $35,000 Foundation Center, $20,000 Foundation Fighting Blindness (Md.), $32,000 Fountain House, $86,500 Fourth Arts Block, $200,000 Freer Gallery of Art of the Smithsonian Institution (D.C.), $43,000 Fresh Air Fund, $56,310 Frick Collection, $104,500 Friends of Khmer Culture (Conn.), $38,794 Friends of the Mamaroneck Public Library, $25,000 Friends of the Music Hall (N.H.), $20,350 Friends of the New York City Fire Department Collection, $35,000 Friends of the Saint Andrew’s School Foundation, $30,000 Friends Seminary, $20,750 FSH Society (Mass.), $58,709 Fund for Educational Excellence (Md.), $50,000 Fund for the City of New York, $151,500 Fund for Modern Courts, $58,250

G Gay Men of African Descent, $50,000 Gay Men’s Health Crisis, $37,350 Georgetown University (D.C.), $111,750 Georgia State University Foundation (Ga.), $21,000 Gerontological Society of America (D.C.), $29,000 Getting the Word Out, $50,000 Ghetto Film School, $60,000 Girl Scout Council of Greater New York, $164,250 GLF Global Leadership Foundation (Va.), $25,000 Global AIDS Interfaith Alliance (Calif.), $23,500 Global Fund for Children (D.C.), $50,250 Global Heritage Fund (Calif.), $45,000 Global Kids, $52,500 God’s Love We Deliver, $104,100 Goodwill Industries of Greater New York and Northern New Jersey, $24,910 Grace Church Community Center, $23,100 Grace Church School, $29,500 GRACE International, $20,000 Graduate Center Foundation, $73,500 Grandfather Home for Children (N.C.), $58,160 Greater Lawrence Community Boating Program (Mass.), $25,000 Greater Patchogue Foundation, $25,000 Green Blue Institute (Va.), $75,000 Greenwich Country Day School (Conn.), $27,250 Griot Circle, $30,000 Groton School (Mass.), $24,500 Groundwork Hudson Valley, $24,000 Groundwork, $21,500 Grymes Memorial School (Va.), $30,000 Guidance Center, $33,000 Gulf Restoration Network (La.), $66,500 H Hamilton College, $52,000 Harlem Children’s Zone, $65,000 Harlem Day Charter School, $100,000 Harlem United Community AIDS Center, $40,000 President and Fellows of Harvard College (Mass.), $618,850 Harvard Medical School (Mass.), $115,000 Haverford College (Pa.), $33,750 Head-Royce School (Calif.), $30,000 Health and Welfare Council of Long Island, $45,000 Healthy Schools Campaign (Ill.), $75,000 Hebrew Home for the Aged at Riverdale, $100,250 Heffter Research Institute (N. Mex.), $25,000 Hempstead Hispanic Civic Association, $25,000 Hempstead Boys & Girls Club, $35,000 Herstory Writers Workshop, $72,800 Hetrick-Martin Institute, $80,000 Highbridge Community Life Center, $108,900 Hispanic Brotherhood of Rockville Centre, $22,500 Hispanic Federation, $65,000 Historic Districts Council, $85,000 Historic House Trust of New York City, $53,600 Hofstra University, $513,200 Home for Contemporary Theatre and Art, $90,000 Homeless Animal Rescue Team of Maine, $31,700 Hope College (Mich.), $40,000 Hope Program, $82,500 Hope’s Door, $35,750 Hopkins Committee of Trustees (Conn.), $55,000 Hospice Care Network, $29,750 Hospital for Special Surgery, $68,750 Howard University (D.C.), $20,000 Hudson Highlands Land Trust, $40,400 Hudson River Museum of Westchester, $26,550 Hudson Valley Center for Contempory Art, $36,120 Human Development Services of Westchester, $67,800

Human Rights First, $146,500 Human Rights Watch, $107,000 Human Services Council of New York City, $30,000 Hunter College of CUNY, Bellevue School of Nursing, $331,000 Hunter College of CUNY, School of Social Work, $214,000 Hunter College Foundation, $32,750 I IAA Education Program, $88,000 Immigration Equality, $40,000 Independent Sector (D.C.), $23,500 Indian Mountain School (Conn.), $48,650 INFACT (Mass.), $250,000 Inner-City Scholarship Fund, $168,350 Institute for America’s Future (D.C.), $25,000 Institute for Contemporary Psychotherapy, $75,000 Institute for Agriculture and Trade Policy (Minn.), $150,000 Institute of International Education, $25,480 INTAR Theatre, $30,000 Interfaith Nutrition Network, $155,750 Interlochen Center for the Arts (Mich.), $150,000 International Center of Photography, $60,500 International Crisis Group, $30,000 International Rescue Committee, $61,650 International Social Service, United States of America Branch (Md.), $66,930 International Tennis Hall of Fame (R.I.), $24,000 International Women’s Health Coalition, $36,200 International Youth Leadership Institute, $41,000 Investor Environmental Health Network (Va.), $50,000 Iona College, $36,000 Iris House: A Center for Women Living With HIV, $51,600 Irvington Presbyterian Church, $21,000 Stanley M. Isaacs Neighborhood Center, $28,050 Island Harvest, $30,000 J J Street Educational Fund, $40,000 Jamaica Center for Arts and Learning, $60,000 James Foundation (Mo.), $850,000 Jazz Foundation of America, $24,000 Jazz at Lincoln Center, $232,750 Jesuit Refugee Service/USA (D.C.), $25,000 Jewish Board of Family and Children’s Services, $28,170 Jewish Home Lifecare, $60,500 Jewish National Fund, $860,972 Johns Hopkins University (Md.), $42,900 Juvenile Diabetes Foundation International, $54,500 K Kearney Area Community Foundation (Nebr.), $500,000 Keewaydin Foundation (Vt.), $20,000 Helen Keller International, $68,000 Helen Keller Services for the Blind, $20,500 Kids X-Press, $24,500 Kimball Union Academy (N.H.), $25,000 L La Jolla Playhouse (Calif.), $50,000 La Union, $20,000 Lake Pontchartrain Basin Foundation (La.), $66,500 Land Institute (Kans.), $20,500 Land Trust Alliance (D.C.), $79,500 Larchmont-Mamaroneck Fields for Kids, $65,500 LaSalle University (Pa.), $375,000 Sarah Lawrence College, $107,000 Lawrenceville School (N.J.), $172,500

59

grants in 2009

60

Lawyers Alliance for New York, $205,500 Lawyers Committee for Civil Rights Under Law (D.C.), $415,750 League Treatment Center, $32,000 Legal Action Center of the City of New York, $50,000 Legal Aid Society, $512,250 Legal Momentum, $158,250 Legal Services of the Hudson Valley, $50,000 Legal Services NYC, $1,200,000 Gilder Lehrman Institute of American History, $38,000 Lenox Hill Hospital, $120,030 Lenox Hill Neighborhood House, $63,000 Library of American Landscape History (Mass.), $76,000 Lighthouse International, $213,090 Lincoln Center for the Performing Arts, $252,250 Literacy Incorporated, $24,000 Literacy Assistance Center, $125,000 Littig House Community Center, $45,000 Local Initiatives Support Corporation, $70,000 Francis J. Logan, Jr. Foundation, $20,000 Long Island Association for AIDS Care, $20,000 Long Island Cares, $37,250 Long Island Congregations, $20,000 Long Island Council of Churches, $26,000 Long Island Fund for Women and Girls, $59,800 Long Island Philharmonic, $40,000 Long Island Regional Planning Council, $80,000 Long Island University, $48,200 Love Heals, $30,600 Lower Manhattan Cultural Council, $50,000 M Macula Foundation, $59,000 Madison Square Boys and Girls Club, $41,000 Maine Media Workshops, $40,000 Maine People’s Resource Center, $200,000 Make the Road New York, $118,700 Manhattan School of Music, $61,100 Mardy Fish Foundation (Fla.), $50,000 Marine Biological Laboratory (Mass.), $200,000 Marlboro School of Music (Pa.), $153,500 Martha’s Vineyard Hospital (Mass.), $28,000 Mary Louis Academy, $177,000 Maryknoll School (Hawaii), $21,000 Massachusetts General Hospital, $35,750 Massachusetts Institute of Technology, $51,000 Massachusetts Society for Prevention of Cruelty to Animals, $21,250 Massapequa Public Schools, $26,250 Mayor’s Fund to Advance New York City, $111,500 MDRC, $100,000 Medicare Rights Center, $100,000 Meeting Street Center (R.I.), $50,000 Memorial Sloan-Kettering Cancer Center, $459,600 Memorial United Methodist Church, $25,480 Mental Health Association of Nassau County, $22,500 Mental Health Association of New York City, $175,000 Mental Health Association of Westchester County, $60,000 Mercantile Library Association of the City of New York, $30,000 Metropolitan Museum of Art, $1,017,351 Metropolitan Opera Association, $495,410 Metropolitan Waterfront Alliance, $50,000 MFY Legal Services, $57,250 Middle Country Library Foundation, $33,000 Middlebury College (Vt.), $95,750 Midori & Friends, $50,000 Millbrook School, $22,000 Milton Academy (Mass.), $21,450 Miracle Corners of the World, $134,000 Mobility International USA (Oreg.), $60,000

Molloy College, $40,500 Mommas, $20,000 Montefiore Medical Center, $120,250 Montessori Development Partnerships (Ohio), $90,000 Montreat College (N.C.), $58,160 Moore County North Carolina Chapter of Sentinels of Freedom, $20,000 Morgan Center, $20,600 Morgan Library & Museum, $194,250 Morningside Center for Teaching Social Responsibility, $75,000 Morningside Retirement and Health Services, $31,060 Mosholu Montefiore Community Center, $45,000 Mount Hope Housing Company, $40,000 Mount Sinai Medical Center, $575,978 Mount Sinai School of Medicine of New York University, $131,700 Ms. Foundation for Women, $42,870 Multiple Myeloma Research Foundation (Conn.), $30,000 Multiple Sclerosis Resources of Central New York, $30,000 Municipal Art Society of New York, $34,250 Museum of American Finance, $35,000 Museum of the City of New York, $123,900 Museum of Fine Arts, Houston, $176,500 Museum of Jewish Heritage/NY Holocaust Memorial Commission, $23,150 Museum of Modern Art, $191,750 Music Conservatory of Westchester, $20,250 Musica Omnia (Mass.), $50,000 Muslim Women’s Institute for Research and Development, $40,000 Mwikali’s Gift, $20,000 My Sisters’ Place, $43,500 N Nachlat Moshe, $25,000 NARAL Pro-Choice America Foundation (D.C.), $39,250 Nashville School of Fiddling (Tenn.), $20,000 Nassau County AHRC Foundation, $100,000 Nassau County Coalition Against Domestic Violence, $43,050 Nassau County Police Activity League, $30,000 National Academy Foundation, $100,000 National Association of Women Judges (D.C.), $25,000 National Audubon Society, $137,000 National Child Labor Committee, $150,000 National Dance Institute, $20,200 National Economic and Social Rights Initiative, $50,000 National Employment Law Project, $75,000 National Fish and Wildlife Foundation (D.C.), $157,330 National Forest Foundation (Mont.), $20,000 National Gallery of Art (Md.), $71,000 National Hansen’s Disease Programs (La.), $30,000 National Mobilization Against Sweatshops, $20,000 National Multiple Sclerosis Society, $288,310 National Multiple Sclerosis Society, New York City Chapter, $61,500 National Parks Conservation Association (D.C.), $26,500 National September 11 Memorial & Museum, $651,000 National Society for Gifted and Talented (Conn.), $50,000 National Student Partnerships (D.C.), $30,000 National Writing Project (Calif.), $50,000 Natural Resources Council of Maine, $25,000 Natural Resources Defense Council, $189,150 Nature Conservancy (Va.), $236,300 Nature Conservancy New York-South Fork/Shelter Island Chapter, $22,200

Walter W. Naumburg Foundation, $55,830 Naumburg Orchestral Concerts, $46,850 Nebraska Cultural Endowment, $25,000 Neighbor to Neighbor Massachusetts Education Fund, $30,000 Neighborhood House Club (Maine), $25,500 Neighbors Link, $23,400 Nepperhan Community Center, $75,000 Neurosciences Institute (Calif.), $25,000 New Alternatives for Children, $123,830 New America Foundation (D.C.), $870,000 New Direction Services, $20,000 New Dramatists, $60,500 New Energy Foundation (N.H.), $150,000 New Energy Institute (Calif.), $150,000 New Fairfield Community Foundation (Conn.), $150,000 New Immigrant Community Empowerment, $25,000 New Israel Fund (D.C.), $25,000 New Jersey Medical School, $95,000 New Jersey Symphony Orchestra, $300,250 New Museum of Contemporary Art, $43,500 New Partners for Community Revitalization, $60,000 The New School, $126,900 New Song Urban Ministries (Md.), $120,000 New Visions for Public Schools, $242,930 New York Academy of Medicine, $278,000 New York Blood Center, $100,250 New York Botanical Garden, $903,550 New York Cares, $184,150 New York City Ballet, $247,780 New York City Center, $80,750 New York City Early Childhood Professional Development Institute, $150,000 New York City Employment and Training Coalition, $120,000 New York City Financial Network Action Consortium, $585,000 New York City Health and Hospitals Corporation, $251,000 New York City Mission Society, $68,630 New York City Opera, $49,230 New York City Police Foundation, $159,000 New York Committee for Occupational Safety and Health, $20,000 New York Community Media Alliance, $50,000 New York Foundation for the Arts, $25,000 New York Foundling Hospital, $30,250 New York Hall of Science, $31,500 New-York Historical Society, $50,750 New York Immigration Coalition, $592,000 New York Industrial Retention Network, $40,000 New York Landmarks Conservancy, $122,000 New York Lawyers for the Public Interest, $75,500 New York League of Conservation Voters Education Fund, $21,300 New York Legal Assistance Group, $127,500 New York Medical College, $23,500 New York Needs You, $25,000 New York-Presbyterian Hospital, $459,630 New York Public Interest Research Group Fund, $51,300 New York Public Library Astor, Lenox & Tilden Foundations, $254,270 New York Restoration Project, $59,492 New York State Gas Drilling Protection Project, $100,000 New York Stem Cell Foundation, $203,550 New York Taxi Workers Alliance, $32,500 New York Theatre Workshop, $31,000 New York Times Neediest Cases Fund, $28,500 New York University, $147,675

New York University School of Medicine, $430,350 New York University, Leonard N. Stern School of Business, $31,750 New York University, Robert F. Wagner School of Public Service, $75,800 New York Youth at Risk, $75,000 New Yorkers Against Gun Violence Education Fund, $62,150 Nicklaus Children’s Health Care Foundation (Fla.), $90,000 92nd Street YM-YWHA, $35,600 Richard Nixon Library and Birthplace Foundation (D.C.), $25,000 Nonprofit Coordinating Committee of New York, $29,000 Nonprofit Finance Fund, $80,000 North Brooklyn Development Corporation, $40,000 North Carolina State University, $48,000 North Country School and Camp Treetops, $23,000 North Shore Child and Family Guidance Association, $60,300 North Shore—Long Island Jewish Health System Foundation, $107,000 Northeast Action (Mass.), $20,000 Northeastern University (Mass.), $27,500 Northern Manhattan Improvement Corporation, $40,000 Northfield Community Local Development Corporation of Staten Island, $40,000 Northside Center for Child Development, $37,400 Northwestern University (Ill.), $460,004 NOW Foundation (D.C.), $50,000 NY Voting Rights Consortium, $25,000 NYC Coalition for Educational Justice, $300,000 NYCharities.org, $100,000 NYU Hospitals Center, $92,500 O Oasis Haven for Women & Children (N.J.), $27,500 Ocean Bay Community Development Corporation, $40,000 Oceana (D.C.), $20,000 Oiste (Mass.), $75,000 OLA of Eastern Long Island, $20,000 Old Dartmouth Historical Society/New Bedford Whaling Museum (Mass.), $75,000 Old Westbury College Foundation, $130,500 One New York: Fighting for Fairness, $153,000 1Sky Education Fund (Md.), $100,250 Ontological-Hysteric Theater, $60,000 Open Door Family Medical Center, $27,750 Opera New Jersey, $250,000 Oregon Community Foundation, $20,000 Osborne Association, $72,750 Out2Play, $20,000 Outreach Project, $85,000 Oxfam America (Mass.), $370,350 P Pace Law School, $74,195 Packer Collegiate Institute, $86,500 Paley Center for Media, $100,000 Pan Massachusetts Challenge Trust, $21,900 Parents Place, $25,000 Park Square Advocates (Mass.), $25,500 Partners in Health (Mass.), $21,250 Partnership for the Homeless, $21,500 Partnership for Public Service (D.C.), $50,000 Passionist Fathers (N.J.), $53,500 Peconic Community Council, $22,500 Peconic Land Trust, $24,750 Peer Health Exchange (Calif.), $25,250

61

grants in 2009

62

Pennsylvania State University, $24,250 Penobscot East Resource Center (Maine), $75,000 People-To-People Health Foundation (Va.), $25,900 Performance Space 122, $90,000 Stephen Petronio Dance Company, $90,000 Phelps Memorial Hospital Center, $27,675 Philanthropy New York, $29,350 Philharmonic-Symphony Society of New York, $40,250 Phillips Exeter Academy (N.H.), $160,317 Phoenix House Foundation, $1,023,250 Physicians for Human Rights (Mass.), $122,600 Picture House Regional Film Center, $30,000 Pig Iron Theatre Company (Pa.), $25,000 Pine Creek Valley Watershed Association (Pa.), $50,000 Pine School (Fla.), $100,000 Pingree School (Mass.), $34,000 Planned Parenthood Federation of America, $69,600 Planned Parenthood Hudson Peconic, $45,550 Planned Parenthood of Nassau County, $42,250 Planned Parenthood of New York City, $194,400 Plymouth Meeting Friends School (Pa.), $100,000 George Pocock Rowing Foundation (Wash.), $30,000 Police Athletic League, $155,000 Political Research Associates (Mass.), $20,000 Poly Preparatory Country Day School, $72,750 Pomona College (Calif.), $35,000 Port Chester Carver Center, $38,200 Pratt Area Community Council, $40,000 Pratt Institute, $209,600 Premier HealthCare, $73,000 Prep for Prep, $55,650 Presbytery of New York City, $26,810 Primary Care Development Corporation, $125,000 Primary Stages Company, $20,750 Princeton Public Library (N.J.), $500,000 Princeton University (N.J.), $142,350 Pro Bono Partnership, $20,750 Pro-Choice Massachusetts Foundation, $25,000 Project Exploration (Ill.), $86,500 Project GRAD Long Island, $60,000 Project Renewal, $20,250 Project Sunshine, $30,000 Prospect Park Alliance, $36,285 Public Health Solutions, $185,000 Public Interest Law Institute, $20,000 Public/Private Ventures (Pa.), $200,000 Public Theater, $243,550 LatinoJustice PRLDEF, $85,000 Pure Water for the World (Vt.), $20,000 Putnam Hospital Center, $39,340 Q Queens College Foundation, $73,700 Queens Community House, $40,000 Queens Council on the Arts, $50,000 Queens Library Foundation, $130,000 Queens Theatre in the Park, $125,000 Queens University of Charlotte (N.C.), $58,160 R Ronald Reagan Presidential Foundation (Calif.), $100,000 Reconnecting America (Calif.), $50,000 Red Hook Initiative, $57,500 Redemption Center, $85,000 Reformed Church of Bronxville, $26,900 Regional Emergency Medical Services Council of New York City, $25,000 Rensselaerville Institute, $20,000 Res Publica US, $250,000 ReServe Elder Service, $52,000 Resource Center for Community Development, $20,000

Resources for Children with Special Needs, $197,850 Rhode Island School of Design, $201,500 Rhodes College (Tenn.), $58,160 Ridgewood Bushwick Senior Citizens Council, $50,000 Rita Fund (Colo.), $350,310 River Network (Oreg.), $51,000 River Rowing Association, $20,000 Riverside Theatre (Fla.), $30,000 Robin Hood Foundation, $56,500 Rock and Roll Hall of Fame Foundation, $22,980 Rockefeller University, $192,750 Franklin and Eleanor Roosevelt Institute, $132,500 Round Hill Community Church (Conn.), $50,000 Roundabout Theatre Company, $51,050 Row New York, $85,000 Rudaitis Media, $20,000 Rutgers, the State University of New Jersey, $21,600 Rutgers University Foundation (N.J.), $24,900 S Safe Horizon, $155,500 St. Andrew’s Presbyterian College (N.C.), $58,160 St. Ann Center for Restoration and the Arts, $90,000 St. Augustine Church, $31,000 St. Christopher’s, $27,670 St. David’s School, $67,000 St. Edward’s Church (Fla.), $27,500 St. George’s School (R.I.), $22,000 St. Ignatius Loyola Church, $52,500 St. John’s University, $23,750 St. Jude Children’s Research Hospital (Tenn.), $88,860 St. Luke’s LifeWorks (Conn.), $22,000 St. Luke’s Roosevelt Hospital Center, $119,770 St. Mark’s School (Mass.), $105,250 St. Mary’s Foundation for Children, $811,000 St. Peter’s Church of Bay Shore, $85,000 St. Philip’s Academy (N.J.), $20,000 St. Sebastian’s School (Mass.), $25,000 St. Vincent Catholic Medical Centers of New York, $74,500 St. Vincent’s Services, $230,500 Salvation Army of Greater New York, $158,300 Salve Regina University (R.I.), $53,000 Sanctuary for Families, $249,512 Sauti Yetu Center for African Women, $20,000 Save the Children Federation (Conn.), $37,247 Scenic Hudson, $65,200 Scholarship & Welfare Funds of the Alumni Association of Hunter College, $36,280 School of American Ballet, $30,100 School Year Abroad (Mass.), $21,250 Sea Research Foundation (Conn.), $110,000 Seamen’s Church Institute of New York and New Jersey, $44,000 Second Stage Theatre, $22,550 Seed School of Maryland, $75,000 Seedco, $100,000 Services and Advocacy for GLBT Elders, $50,000 Sesame Workshop, $151,000 SHARE: Self-Help for Women with Breast or Ovarian Cancer, $71,000 Shared Interest, $35,000 Shinnecock Nation Cultural Center and Museum, $27,500 Shore Country Day School (Mass.), $65,000 Lois and Samuel Silberman Fund, $432,634 Silent Spring Institute (Mass.), $75,000 Silk Road Project (R.I.), $80,000 Sisters of Charity of St. Elizabeth (N.J.), $27,650 Skowhegan School of Painting and Sculpture, $39,000 Smack Mellon Studios, $60,000 Smart Growth America (D.C.), $200,000

Smith College (Mass.), $690,375 Smithsonian Institution (D.C.), $151,500 Smithtown Historical Society, $28,300 Society of Oblate Fathers of Mary Immaculate for Missions Among the Poor, $25,000 Socrates Sculpture Park, $60,000 South Asian Youth Action, $20,000 South Street Seaport Museum, $35,300 Southampton Fresh Air Home, $30,000 Southern Maine Medical Center, $25,000 Southern Queens Park Association, $51,530 Southwest Health Technology Foundation (Tex.), $50,000 Spanish Theatre Repertory Company, $60,000 Special Olympics International (D.C.), $100,000 Special Olympics New York, $60,250 Spence-Chapin Services to Families & Children, $32,400 Spence School, $110,670 Stages of Learning, $30,250 Stanford University (Calif.), $54,250 State Alliance for Federal Reform of Chemicals Policy (Wash.), $86,000 Staten Island Children’s Museum, $25,000 Stella Maris (Ohio), $50,000 Steppingstone Foundation (Mass.), $35,000 Student Advocacy, $30,750 Student Sponsor Partnership, $144,759 Student Sponsorship Programme, $35,000 Studio Museum in Harlem, $40,000 Stuyvesant High School, $20,000 Suffolk Coalition to PADD, $25,000 Suffolk Community Council, $20,000 Summer Search Foundation (Calif.), $233,700 Sunset Park Alliance for Youth, $65,000 SUNY College at Purchase, $35,300 Survivor Fund, $22,000 Sustainable Harvest International (Maine), $35,000 Sustainable Long Island, $146,500 Synergos Institute, $47,500

U UJA-Federation of Jewish Philanthropies of New York, $513,750 Union of Concerned Scientists (Mass.), $168,250 Union Square Park Community Coalition, $45,000 Union Theological Seminary, $25,000 Unitarian Church of All Souls, $23,000 United Activities Unlimited, $40,000 United Hospital Fund of New York, $116,500 United Methodist Church of Bay Shore, $25,000 United Nations Association of the United States of America, $30,500 United Neighborhood Houses of New York, $1,428,520 United States Field Hockey Association (Colo.), $70,000 United States Fund for UNICEF, $45,700 United Way of Bergen County (N.J.), $37,000 United Way of New York City, $209,820 United Way of Rhode Island, $150,000 United Way of Westchester and Putnam, $58,150 University of Alabama, $80,000 University of Chicago, $799,483 University of Connecticut, $28,525 University of Illinois, $210,000 University of Massachusetts, $25,000 University of Massachusetts-Lowell, $150,000 University of Miami (Fla.), $72,800 University Neighborhood Housing Program, $40,000 University of North Carolina at Chapel Hill, $30,250 University of Pennsylvania, $221,870 University of Richmond (Va.), $37,250 University of Rochester, $20,000 University of Washington, $191,204 University of the Witwatersrand Fund, $20,000 UPROSE, $50,000 Urban Green Council, $50,000 Urban Youth Collaborative, $150,000 USA Cycling Development Foundation (Colo.), $26,500 Usdan Center for the Creative and Performing Arts, $22,000

T Taft Institute for Government, $34,210 Taproot Foundation (Calif.), $100,000 Target Margin Theater, $60,750 Teach for America, $21,500 Teaching Matters, $61,750 Teatown Lake Reservation, $29,350 Teatro Experimental Yerbabruja, $20,000 Technoserve (Conn.), $54,000 TEDX (Colo.), $75,000 Tenacity (Mass.), $20,000 Tenants Together (Calif.), $100,000 Third Sector New England (Mass.), $20,000 32nd Degree Masonic Learning Centers for Children, (Mass.), $23,000 Tides Center (Calif.), $25,500 Tides Foundation (Calif.), $106,000 Tobin Project (Mass.), $20,000 Today’s Students Tomorrow’s Teachers, $25,000 Trevor Day School, $5,036,500 Trey Whitfield School, $50,000 Trickle Up Program, $210,250 Trident United Way (S.C.), $31,750 Trinity College (Conn.), $49,500 Trinity Episcopal School Corporation, $32,000 Trinity Repertory Company (R.I.), $100,000 Tri-State Transportation Campaign, $500,000 Trust for Public Land (Calif.), $55,600 Trustees of Tufts College (Mass.), $56,500 Tulane Educational Fund (La.), $500,000

V Valley Hospital Foundation (N.J.), $101,000 Vamos Unidos, $25,000 Vassar College, $57,850 Vermont Land Trust, $25,750 Veterans for Peace (Mo.), $40,000 Village Care of New York, $37,000 Village of Tarrytown, $30,000 VIP Community Services, $75,000 Virginia Polytechnic Institute & State University, $20,000 Vision Long Island, $20,000 VISIONS/Services for the Blind and Visually Impaired, $175,000 Visiting Nurse Association of Long Island, $20,000 Visiting Nurse Service of New York, $58,900 Visual Understanding in Education, $60,000 Voces Latinas, $52,500 W Waldorf School of Garden City, $105,000 Washington Community Fund (Conn.), $20,250 George Washington University (D.C.), $43,500 Washington Hospital Center Foundation (D.C.), $50,000 Samuel Waxman Cancer Research Foundation, $1,010,000 West Bronx Housing and Neighborhood Resource Center, $40,000 Westchester Library System, $20,000 Westchester Children’s Association, $56,890

63

Westchester Community College Foundation, $125,500 Westchester County Chapter-NYSARC, $20,340 Westchester Jewish Community Services, $87,825 Westchester Land Trust, $62,758 Westchester Residential Opportunities, $25,000 Westhab, $30,000 White Plains Hospital Center, $44,730 White Wave Rising Dance Company, $60,000 Whitney Museum of American Art, $103,000 Wildlife Conservation Society, $183,250 Williams College (Mass.), $35,500 Warren Wilson College (N.C.), $58,160 Winthrop-University Hospital, $140,500 Stephen Wise Free Synagogue, $28,000 WNYC Radio, $194,342 Women’s Division, $25,183 Women’s Leadership Fund, $70,000 Women’s Prison Association and Home, $127,970 Woods Hole Oceanographic Institution (Mass.), $26,000 Wooster Group, $90,000 Working World, $25,000 Workplace Project, $35,000 World Federation of Hemophilia USA, $24,000 World Learning (Vt.), $501,000 World Wildlife Fund (D.C.), $35,800

grants in 2009

X Xavier High School of New York, $25,000

64

Y Yale University (Conn.), $879,900 YMCA of Central and Northern Westchester, $101,030 YMCA of Greater New York, $329,990 YMCA of Long Island, $65,500 YMCA of Yonkers, $75,000 YMCA Summit Area (N.J.), $30,250 Yorkville Common Pantry, $31,000 Young Adult Institute, $33,000 Young Audiences, $30,000 Young Korean American Service and Education Center, $40,000 Young Survival Coalition, $50,050 Youth Communication/New York Center, $25,250 Youth Development Institute, $35,000 Youth Environmental Services, $40,000 YWCA of Brooklyn, $139,880 YWCA of Metropolitan Chicago, $26,734 YWCA of Yonkers, $75,000 Grants Listed: $110,543,108 Grants Under $20,000: 12,868,295 Grants Total:

$123,411,403

Photos Page 2: Charlynn Goins Photo: Pauline Shapiro Lorie A. Slutsky Photo: Sean Sime

1 Welcome

29 Suburban divisions

2 The road back:

32 Trustee banks

A message from our chairman and president

4 Giving:

Stretching the safety net

34 The numbers: Audited financial statements

14 Selected Grants

37 Notes

18 How to apply for a grant

42 Auditors’ report

20 Join us: How to set up a

43 Financial highlights

charitable fund

A young artist at work in Terise Haine’s classroom at the Hudson Guild.

33 Staff

24 Sound advice:

43 Investment committee

Information for attorneys

44 Funds in 2009

26 Our governing body

56 Grants in 2009

Page 15: 1) Hunter College, CUNY Photo: Deborah Feingold 2) Citizens Committee for NYC 3) Sunset Park Alliance Photo: Laina Yoswein 4) What Kids Can Do 5) Spence-Chapin Services to Families and Children Page 17: 6) VISIONS/Services for the Blind and Visually Impaired Photo: Betsy Fabricant 7) Primary Care Development Corporation 8) Fourth Arts Block Photo: Gabriela Herman 9) Public Health Solutions Photo: Jill LeVine 10) New York Landmarks Conservancy 11) Resources for Children with Special Needs Page 21: Bonnie Cashin Photo: Courtesy of UCLA Library Page 22: Bob Kaufman Photo: Dency Kane Page 27: Photo: Pauline Shapiro Page 29: RotaCare Food Bank for Westchester County Writer/Editor Ani Hurwitz Design Van Gennep Design Printing Rasco Graphics

After taking a free nutrition class offered by City Harvest at their church, Bronx residents Nurys Guerrero and her mother, who suffers from high cholesterol, now shop for and prepare healthier foods.

A copy of this report filed with the New York Secretary of State may be obtained upon request addressed to: The New York Community Trust 909 Third Avenue, 22nd Floor, New York, NY 10022 or Office of the Attorney General Charities Bureau 120 Broadway, New York, NY 10271

Credits

Table of contents

Inside front and back cover, Pages 4,7,8,11: Photos: Walker Esner

the new york community trust annual report 2009

Through the alarms of war, the tides of taxes and the ebb and flow of fortunes, the instincts of neighborliness somehow persist.

The New York Community Trust 909 Third Avenue, 22nd Floor New York, NY 10022 (212) 686-0010 www.nycommunitytrust.org

Long Island Community Foundation Nassau Hall 1864 Muttontown Road Syosset, NY 11791 (516) 348-0575 www.licf.org

Westchester Community Foundation 200 North Central Park Avenue, Suite 310 Hartsdale, NY 10530 (914) 948-5166 www.wcf-ny.org

annualreport 2009